EPIC RESEARCH MCX Aluminium UPDATE OF 03 September 2018

Posted by Commodity Updates by Epic Research on 13:06:00 with No comments

Aluminium trading range for the day is 148.2-153.4.

* Aluminium dropped on profit booking after prices gained amid high alumina prices and on-warrant stocks being below 800,000 tonnes for the first time since 2007.

* China's Ministry of Commerce has called domestic aluminium foil makers to a meeting in Beijing to discuss an anti-dumping probe launched by Mexico.

* With declining stocks, tightening spreads and the physical markets starting to wake up post the summer break.

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