EPIC RESEARCH MCX Aluminium UPDATE OF 20 August 2018

Posted by Commodity Updates by Epic Research on 13:12:00 with No comments

Aluminium trading range for the day is 139.8-144.

Aluminium settled flat as dollar came of highs on news that Beijing and Washington will resume trade talks later this month.

Primary aluminium inventories across major consumption areas in China continued to decrease in the week with limited arrivals.

China's primary aluminium production climbed 12 percent in July from the same month a year earlier, equalling its monthly record, as new smelters took output back.

Warehouse stock for Aluminium at LME was at 1120250mt that is down by -3900mt.

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