EPIC RESEARCH MCX Aluminium UPDATE OF 30 October 2018

Posted by Commodity Updates by Epic Research on 11:48:00 with No comments

Aluminium trading range for the day is 142.7-146.9.

* Aluminium dropped as global stocks showed their worst week in more than five years, overshadowing worries over the sharp shortage of supply building in the market.

* Aluminium production appears to be being cut back in China due to the current weak margins.

* Lower production, which should result in lower Chinese exports, is likely to shore up aluminium prices.

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