EPIC RESEARCH MCX ALUMINIUM UPDATE OF 24 July 2018

Posted by Commodity Updates by Epic Research on 12:58:00 with No comments

Aluminium trading range for the day is 138.2-145.6.

* Aluminium gained on short covering as after a U.S. official raised the prospect of lifting sanctions on Russia's Rusal.

* Global primary aluminium output fell to 5.321 million tonnes in June from revised 5.442 million tonnes in May, data from the IAI showed.

* Estimated Chinese production fell to 3.03 million tonnes in June from 3.09 million tonnes in May, it added.

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