EPIC RESEARCH MCX Aluminium UPDATE OF 18 March 2019

Posted by Commodity Updates by Epic Research on 11:38:00 with No comments

Aluminium trading range for the day is 143.6-147.4.

* Aluminium ended with losses as pressure continues as seasonal restrictions on aluminium output in northern Chinese cities are due to be lifted.

* Chinese Premier says China to cut value-added tax on April 1

* Some speculators on the ShFE had previously bet that the planned cut in VAT on China's manufacturing sector, to 13% from 16%, increasing the backwardation in aluminium.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316

Connect with our social media sites