EPIC RESEARCH MCX Aluminium UPDATE OF 24 August 2018

Posted by Commodity Updates by Epic Research on 12:02:00 with No comments
Aluminium trading range for the day is 141.5-146.3.

Aluminium gained tracking firmness in LME prices on short covering after prices remained under pressure amid concerns of escalated US-China trade tension.

U.S. and Chinese officials met for the first time in more than two months to try find a way out of their deepening trade conflict.

Primary aluminium inventories across major consumption areas in China registered a faster decline on the week, with limited arrivals and downstream purchases.

Warehouse stock for Aluminium at LME was at 1099975mt that is down by -2475mt.

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