EPIC RESEARCH MCX ALUMINIUM UPDATE OF 24 AUGUST 2018

Aluminium trading range for he day is 141.5-146.3. Aluminium gained tracking firmness in LME prices on short covering after prices remained under pressure amid concerns of escalated US-China trade tension. U.S. and Chinese officials met for the first time in more than two months to try find a way out of their deepening trade conflict. Primary aluminium inventories across major consumption areas in China registered a faster decline on the week, with limited arrivals and downstream purchases.

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