EPIC RESEARCH MCX ALUMINIUM UPDATE OF 18 APRIL 2018

Aluminium trading range for the day is 152.4-164.2. Aluminium gained buoyed by growing worries over tighter supply in the aftermath of U.S. sanctions on major Russian producer Rusal. Support also seen after Japan traders ask Rusal to stop shipping aluminium after U.S. sanctions. Japan buys about 300,000 tonnes of refined aluminium from Russia, about 16 percent of the nation’s total import, according to the Japan Aluminium Association.

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