Tuesday, 7 May 2019

Aluminium Settled Flat Due To Expanding Aluminium Inventories Across LME

Aluminium trading range for the day is 142.1-147.3.

Aluminium settled flat due to expanding aluminium inventories across LME warehouses depressed prices.

China’s central bank said that it will lower reserve requirement ratios for small- and medium-sized banks from May 15.

China Hongqiao Group, the world's biggest aluminium producer, will this year restart some of the smelting facilities it was forced to shut in 2017.

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