EPIC RESEARCH MCX ALUMINIUM UPDATE OF 26 JULY 2018

Aluminium trading range for the day is 139.5-145.9. Aluminium pared most of its gains as LME inventory increased and the probability for the US to lift its sanction against Rusal increases leading to rise in inventories. China exported 118,000 mt of alumina last month, surpassing May's export of 89,999 mt and marking the highest level since 2002. China's inventory of primary aluminium across eight major markets, including SHFE warrants, lost 16,000 mt to stand at 1.81 million mt.

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