EPIC RESEARCH MCX Aluminium UPDATE OF 30 November 2018
Posted by Commodity Updates by Epic Research on 11:47:00 with No comments
Aluminium trading range for the day is 134-136.4.
* Aluminium prices dropped as slow downstream demand weighed on fundamentals despite cuts on supplies.
* The Russian government could buy up to 50,000 tonnes of aluminium for the state reserve, in a move that would support sanctioned Russian aluminium producer Rusal.
* Supply cuts further lower social inventories of primary aluminium
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