EPIC RESEARCH MCX ALUMINIUM UPDATE OF 10 MAY 2018

Aluminium trading range for the day is 152.5-165.1. Aluminium dropped as the softening of the U.S. sanctions on Russian producer United Company Rusal continued to weigh on prices. Japan's UACJ Corp said it is suspending aluminium buying from Russia's Rusal because of U.S. economic sanctions on the producer. Brazil are being denied import licenses with a 6% tariff exemption because the country’s quota on tax-free imported aluminium ingot has largely been depleted.

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