EPIC RESEARCH MCX ALUMINIUM UPDATE OF 23 July 2018

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

Aluminium trading range for the day is 136.7-143.1.

* Aluminium prices gained tracking LME prices closed 1.4 percent higher at $2,029 on concerns about lean supply.

* Traders in the east China aluminium spot market stood on the sidelines in anticipation of larger spot discounts as social inventories began to grow.

* China’s primary aluminium social inventory extended its weekend gains as consumption weakened on a seasonal lull and as deliveries arrived at the warehouses.

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