EPIC RESEARCH MCX ALUMINIUM UPDATE OF 23 AUGUST 2018

Aluminium trading range for the day is 142.6-144.4. Aluminium seen supported as the market will take cues from developments of US-Sino trade negotiations and US sanctions on Russian aluminium. Global primary aluminium output rose to 5.472 million tonnes in July from revised 5.334 million tonnes in June, data from the International Aluminium Institute (IAI) showed. Primary aluminium inventories across major consumption areas in China continued their decline over the weekend.

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