EPIC RESEARCH MCX Aluminium UPDATE OF 14 August 2018

Posted by Commodity Updates by Epic Research on 13:00:00 with No comments
Aluminium trading range for the day is 142.9-147.3.

* Aluminium rose as support seen after China’s aluminium exports rose to their second-highest level on record in July.

* Chinese aluminium production declined by 3.4% yoy, and Chinese exports growth for the same period was insufficient to fill supply gap outside of China.

* Primary aluminium inventories across major consumption areas in China shrank over the weekend as deliveries from the northwest were delayed.

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