EPIC RESEARCH MCX ALUMINIUM UPDATE OF 22 JUNE 2018

Aluminium trading range for the day is 147-150.6. Aluminium recovered on short covering after prices dropped amid potential trade conflict as EU plans to impose a 25% tariff on roughly €2.8 billion. China's inventory of primary aluminium, including SHFE warrants, declined slower on the week as deliveries to warehouses grew slightly. Spot discounts in the aluminium market in east China remained stable despite the slump in prices.

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