EPIC RESEARCH MCX Aluminium UPDATE OF 30 AUGUST 2018

Posted by Commodity Updates by Epic Research on 12:52:00 with No comments
Aluminium trading range for the day is 146.7-154.3.

* Aluminium prices gained amid a strike at an Alcoa Corp alumina plant in the west of Australia has impacted exports.

* China is shipping unusually high volumes of alumina for a second time this year to an international market desperate for the ingredient used to make aluminium.

* US wholesale inventories gained 0.7% in July and stocks at retailers increased 0.4%, suggesting inventories could bolster gross domestic product this quarter.


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