EPIC RESEARCH MCX Aluminium UPDATE OF 26 March 2019
Posted by Commodity Updates by Epic Research on 11:53:00 with No comments
Aluminium trading range for the day is 144.6-146.2.
Aluminium prices dropped as concerns about a global economic slowdown depressed sentiments.
China reverted to being a net importer of alumina in February for the first month since April 2018, while its scrap metal imports plunged to just 160,000 tonnes.
Improving downstream consumption extends declines in primary aluminium inventories
Warehouse stock for Aluminium at LME was at 1155450mt that is down by -4825mt.
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