EPIC RESEARCH MCX Aluminium UPDATE OF 31 January 2019

Posted by Commodity Updates by Epic Research on 11:56:00 with No comments

Aluminium trading range for the day is 132.4-136.

* Aluminium prices settled flat amid falling stockpiles and efforts by top consumer China to stimulate growth.

* Aluminium stocks in LME approved warehouses stand at 1.3 million, near their lowest since May 2018.

* Stocks in Shanghai Futures Exchange (ShFE) warehouses are at 690,000 tonnes, down 30 percent since last May.

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