EPIC RESEARCH MCX ALUMINIUM UPDATE OF 17 July 2018

Posted by Commodity Updates by Epic Research on 15:49:00 with No comments

Aluminium trading range for the day is 137.6-143.8.

* Aluminium gained amid market expectation of the US lifting its sanctions against Russia given improved relations between the two countries.

* China's aluminium producers are responding to tighter supply conditions by boosting output, data showed.

* China's June output rose by 0.8 percent to 2.83 million tonnes, which on daily basis was the highest since June 2017.

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