EPIC RESEARCH MCX Aluminium UPDATE OF 07 September 2018

Posted by Commodity Updates by Epic Research on 12:45:00 with No comments

Aluminium trading range for the day is 143.1-150.5.

* Aluminium dropped on concerns over demand as a trade war between the United States and top industrial metals consumer China intensifies.

* Primary aluminium inventories across major consumption areas in China shrank on the week as downstream consumers restocked.

* Inventories of aluminium billet across major consumption areas in China continued to grow as demand in the construction extrusion sector took a hit.

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