EPIC RESEARCH MCX Aluminium UPDATE OF 9 April 2019

Posted by Commodity Updates by Epic Research on 12:44:00 with No comments

Aluminium trading range for the day is 145.4-149.4.

* Aluminium dropped on profit booking after prices gained on news of fresh stimulus measures in China and hopes for a U.S.-China trade deal.

* China said it would relax residency curbs in many of its smaller cities and increase infrastructure spending to boost economic growth.

* The USTR said significant work remains ahead of fresh talks, while Chinese state media said the two sides had made "new progress" in the talks.

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