EPIC RESEARCH MCX ALUMINIUM UPDATE OF 4 JUNE 2018

Aluminium trading range for the day is 151.8-157.8. Aluminium dropped on profit booking after prices seen supported by news that the US will 10% on aluminium imports from Canada, Mexico and EU. Canada and Mexico retaliated against the US decision to impose tariffs on steel and aluminium imports and the European Union had its own reprisals ready to go. China's inventory of primary aluminium, shrank to 2.03 million mt as deliveries to warehouses at major markets continued to be limited.

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