Tuesday, 10 July 2018

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 10 July 2018

Aluminium trading range for the day is 141.2-148.2.

Aluminium gained amid investor expectations for a decline in output following a statement from China pledging to shut down some smelters.

China's inventory of primary aluminium across eight major markets, including SHFE warrants, fell 6,000 mt over the weekend to stand at 1.83 million mt.

Russian aluminium and copper exports rose in the first five months of 2018, while nickel exports declined, official customs data showed.

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