EPIC RESEARCH MCX ALUMINIUM UPDATE OF 2 APRIL 2018

Aluminium trading range for the day is 129.1-132.3. Aluminium prices dropped on rising stocks and disappointment over China's winter output curbs. Prices were down around 8 percent so far this year as capacity from top producer China resumes following widespread shutdowns over the winter. China’s Ministry of Commerce has proposed to levy a 25% tariff on aluminium scrap imports from the US in a bid to offset the losses brought by the US tariffs.

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