EPIC RESEARCH MCX Aluminium UPDATE OF 23 August 2018

Posted by Commodity Updates by Epic Research on 11:38:00 with No comments

Aluminium trading range for the day is 142.6-144.4.

* Aluminium seen supported as the market will take cues from developments of US-Sino trade negotiations and US sanctions on Russian aluminium.

* Global primary aluminium output rose to 5.472 million tonnes in July from revised 5.334 million tonnes in June, data from the International Aluminium Institute (IAI) showed.

* Primary aluminium inventories across major consumption areas in China continued their decline over the weekend.


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