EPIC RESEARCH MCX ALUMINIUM UPDATE OF 3 APRIL 2018

Aluminium trading range for the day is 130.1-132.7. Aluminium rose as support seen after China's inventory dropped for two weeks in a row from a high at 2.29 million mt to 2.23 million mt. China has slapped extra tariffs of up to 25 percent on 128 U.S. products including scrap aluminium, in response to U.S. duties on imports of aluminium and steel. Aluminium extrusion producers in north China are resuming operations gradually as the two political sessions and restrictions for the heating season ended last month.

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