Friday, 24 May 2019

Aluminium Trading Range For The Day Is 142.5-147.3

Aluminium trading range for the day is 142.5-147.3.

Aluminium gained after Shanxi Huasheng Aluminum will close all capacity of primary aluminium after the last 10 electrolytic baths are shuttered as scheduled.

Norsk Hydro’s Albras aluminium smelter will ramp up its output after restrictions, and this depressed confidence in longs.

Wood Mackenzie raised its global market balance for alumina by 100,000 tonnes to 1.2 million tonnes.

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