EPIC RESEARCH MCX ALUMINIUM UPDATE OF 24 MAY 2018

Aluminium trading range for the day is 152.2-157.

Aluminium remained supported amid news that UC Rusal has not yet received any formal notice that sanctions target Oleg Deripaska has resigned from his board position.

China’s April scrap aluminium imports fell by 27.8 percent from March to 130,000 tonnes, after the country slapped a 25 percent import tariff on aluminium scrap.

China Jan-April scrap aluminium imports were down 11.4 percent year on year at 620,000 tonnes.


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