EPIC RESEARCH MCX ALUMINIUM UPDATE OF 27 APRIL 2018

Aluminium trading range for the day is 143.3-155.3. Aluminium gained up 1.84% at 152.20 recovered as investors speculated about whether U.S. sanctions on Russian producer Rusal would be lifted. The speculative long position in LME aluminium was estimated to have retreated to 21 percent of open interest by Tuesday’s close, from 26 percent a day earlier. Investors bet that Russian billionaire and Rusal shareholder Oleg Deripaska would not divest his holding and that U.S. sanctions would remain in place.

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