EPIC RESEARCH MCX Aluminium UPDATE OF 31 October 2018

Posted by Commodity Updates by Epic Research on 12:20:00 with No comments

Aluminium trading range for the day is 142.1-145.5.

* Aluminium dropped on fresh concerns that a U.S.-China trade war was dampening global growth.

* Selling pressure intensified after U.S. President Donald Trump warned he had billions of dollars of new tariffs ready to go if a trade deal with China was not possible.

* The world's biggest mining company BHP Billiton trimmed its expectations of global growth for next year and 2020, citing the U.S.-China trade conflict.

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