EPIC RESEARCH MCX ALUMINIUM UPDATE OF 2 MAY 2018

Aluminium trading range for the day is 148.1-154.1. Aluminium gained on short covering after an extension of the deadline to Oct. 23 from June 5 to wind down business with Rusal. Aluminium market deficits are set to deepen, but the market is likely to rebalance once the dust settles after U.S. sanctions on Russian producer Rusal. The Trump administration amended its Russia sanctions program, paving the way for aluminum giant Rusal to escape from the blacklist

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