EPIC RESEARCH MCX Aluminium UPDATE OF 12 November 2018

Posted by Commodity Updates by Epic Research on 12:17:00 with No comments

Aluminium trading range for the day is 140.7-146.1.

* Aluminium dropped on profit booking after prices gained with a federal court in Brazil upholding the partial shutdown of refinery, run by Norsk Hydro.

* Supplies of aluminium ingot in China are likely to expand in the fourth quarter of 2018 as demand is expected to continue to be sluggish.

* China’s aluminium exports fell in October as sliding domestic production meant less metal was available for overseas markets.

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