EPIC RESEARCH MCX Aluminium UPDATE OF 17 September 2018

Posted by Commodity Updates by Epic Research on 12:46:00 with No comments


Aluminium trading range for the day is 143.4-147.8.

* Aluminium dropped as the market continues to expect U.S. sanctions on Russia's Rusal to be delayed.

* China's aluminium producers cut output by 3 percent in August from the month before, data showed, as high raw material costs squeeze their profit margins.

* China, churned out 2.84 million tonnes of the metal last month, according to the National Bureau of Statistics (NBS).


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