EPIC RESEARCH MCX Aluminium UPDATE OF 8 August 2018

Posted by Commodity Updates by Epic Research on 11:34:00 with No comments

Aluminium trading range for the day is 137.9-142.1.

* Aluminium dropped as prices face strong pressure from the US-China trade disputes and a slowdown in Chinese economic growth.

* Four more cities in northeast China’s Liaoning province have abandoned proposed alumina projects amid public environmental concerns.

* China’s exports are expected to have maintained solid growth in July despite new tariffs on billions of dollars of shipments to the United States.

* BUY ALUMINIUM AUG 2018 @ 139.00 SL 137.50 TGT 140.80-142.50.MCX

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