EPIC RESEARCH MCX Aluminium UPDATE OF 2 January 2019
Posted by Commodity Updates by Epic Research on 11:21:00 with No comments
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Aluminium trading range for the day is 126.9-129.1.
* Aluminium dropped after Russia's Rusal, agreed a deal in December with U.S. authorities to remove it from a sanctions list and allow its metal onto global markets.
* China will restrict imports of scrap aluminium from July 1, the environment ministry said.
* Aluminium would be moved from an unrestricted import list of solid waste products usable as raw materials to a restricted import list.
* Warehouse stock for Aluminium at LME was at 1271200mt that is up by 4075mt.
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