Thursday 2 May 2019

Aluminium Dropped Ahead Of An Upcoming Holiday In China

Aluminium trading range for the day is 143.7-149.5.

Aluminium dropped ahead of an upcoming holiday in China, amid surprisingly strong data on U.S. economic growth.

Stocks of aluminium in LME warehouses rose 48,200 tonnes to 1.07 million tonnes. Deliveries were made into warehouses in Malaysia and Singapore.

The U.S. economy accelerated more than expected in the first quarter, putting to rest fears of a recession.

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