EPIC RESEARCH MCX Aluminium UPDATE OF 27 December 2018

Posted by Commodity Updates by Epic Research on 12:34:00 with No comments

Aluminium trading range for the day is 129.8-133.

* Aluminium traded in range as recent supply cuts and some 800,000 mt capacity cuts agreed among Chinese biggest firms supported prices.

* The global aluminium market had a reasonably substantial deficit, while Beijing has made it clear it wants to see more consolidation in China's aluminium sector.

* Smaller arrivals, together with sellers destocking at the year-end lowered inventories of aluminium billet by 11,900 mt.

* Warehouse stock for Aluminium at LME was at 1266575mt that is up by 1325mt.

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