EPIC RESEARCH MCX Aluminium UPDATE OF 25 January 2019

Posted by Commodity Updates by Epic Research on 11:50:00 with No comments

Aluminium trading range for the day is 130.2-137.4.

Aluminium prices fell as worries over the effect of a Chinese economic slowdown overpowered signs of supply tightness.

China’s Scrap aluminum imports also increased in December, up to 150,000 tonnes from 130,000 tonnes in the previous month, the highest since March.

China’s trade surplus with the United States rose to $323.32 billion last year, the highest on record going back to 2006.

Warehouse stock for Aluminium at LME was at 1301350mt that is down by -475mt.

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