Friday, 11 May 2018

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 11 MAY 2018


Aluminium trading range for the day is 153.4-159.8.

Aluminium dropped as technical selling continued to affect the light metal despite plunging London Metal Exchange inventories.

Aluminium exports from top producer China inched higher in April, as new U.S. import tariffs were offset by U.S. sanctions on Russia’s Rusal.

Aluminium stocks in LME warehouses fell.6 percent, exchange data showed, taking headline inventories to 1,276,450 tonnes.


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