EPIC RESEARCH MCX ALUMINIUM UPDATE OF 14 MAY 2018
Posted by Commodity Updates by Epic Research on 13:00:00 with No comments
Aluminium trading range for the day is 150.9-157.5.
Aluminium fell as the market corrected after a recent price surge on U.S. sanctions against the world’s largest producer and its major shareholder.
Aluminium stocks at LME have fallen by over 100,000 tonnes since the United States slightly loosened sanctions against Russian producer UC Rusal.
China’s aluminium exports inched higher in April as US import tariffs were offset by a spike in international prices due to US sanctions on Rusal.
China’s aluminium exports inched higher in April as US import tariffs were offset by a spike in international prices due to US sanctions on Rusal.
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