EPIC RESEARCH MCX ALUMINIUM UPDATE OF 20 JULY 2018

Aluminium trading range for the day is 136.7-140.7. Aluminium dropped as fund selling accelerated due to worries about demand from the trade tussle between the United States and top consumer China. China June alumina output +6.3 pct y/y at 5.86 mln tonnes, the National Bureau of Statistics said. China’s primary aluminium social inventory extended its weekend gains as consumption weakened on a seasonal lull and as deliveries arrived at the warehouses.

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