EPIC RESEARCH MCX ALUMINIUM UPDATE OF 20 APRIL 2018

Aluminium trading range for the day is 149.3-186.9. Aluminium dropped on profit booking due to uncertainties of China’s export tariff over refined aluminium. The metal has risen by nearly a third since the United States announced sanctions against UC Rusal, the world's No. 2 aluminium producer, on April 6. Aluminium prices in the US have soared and are expected to diverge from those traded on the LME after the U.S. Treasury Department imposed sanctions on Rusal.

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