EPIC RESEARCH MCX ALUMINIUM UPDATE OF 8 AUGUST 2018

Aluminium trading range for the day is 137.9-142.1. Aluminium dropped as prices face strong pressure from the US-China trade disputes and a slowdown in Chinese economic growth. Four more cities in northeast China’s Liaoning province have abandoned proposed alumina projects amid public environmental concerns. China’s exports are expected to have maintained solid growth in July despite new tariffs on billions of dollars of shipments to the United States.

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