EPIC RESEARCH MCX ALUMINIUM UPDATE OF 3 AUGUST 2018

Aluminium trading range for the day is 137.8-142.2. Aluminium prices ended with losses tracking weakness in LME prices as US-China trade disputes intensified. China's inventory of primary aluminium across eight major markets, including SHFE warrants, shrank 14,000 mt to stand at 1.78 million mt. Limited arrivals from smelters accounted for the drop, this was slower from a week-on-week drop of 28,000 mt recorded.

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