EPIC RESEARCH MCX Aluminium UPDATE OF 19 November 2018

Posted by Commodity Updates by Epic Research on 12:23:00 with No comments

Aluminium trading range for the day is 137.6-140.6.

* Aluminium gained amid output cuts at primary aluminium producers and the start of winter production curbs across various regions.

* Prices received a further boost when the U.S. dollar weakened after Fed officials appeared to question the pace of interest rate rises.

* Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.453 million mt.

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