EPIC RESEARCH MCX Aluminium UPDATE OF 12 September 2018
Posted by Commodity Updates by Epic Research on 12:13:00 with No comments
Aluminium trading range for the day is 144.9-151.9.
* Aluminium dropped as weak downstream consumption and uncertainty over winter production cuts weighed on aluminium prices.
* China plans to raise value-added tax (VAT) rebates on exported aluminium products from September 15.
* Stocks across eight consumption areas decreased by some 31,000 mt from Thursday to stand at 1.683 million mt.
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