EPIC RESEARCH MCX ALUMINIUM UPDATE OF 7 AUGUST 2018

Aluminium trading range for the day is 137.9-141.9. Aluminium gained in anticipation of winter production cuts and inventory across China continued to decrease and consumption remained solid. China’s eastern Shandong province has unveiled new targets to cut steel and coal production capacity, eliminate outdated aluminium smelters. Aluminium billet inventory grows for five weeks - Sluggish consumption in the low season grew inventories for a fifth consecutive week as of Aug 2.

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