Aluminium trading range for the day is 136-139.8.
* Aluminium dropped as supplies will exceed demand, and as the supply glut of alumina will continue to expand.
* A significant decline in primary aluminium social inventories grew confidence across longs, against a backdrop of production cuts across domestic smelters.
* Global oversupply of alumina may reach 1.77 million mt in the first quarter of 2019, on a potential resumption at Hydro Alunorte alumina refinery
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316
This post first appeared on Mcx And NCDEX Updates By Epic Research, please read the originial post: here