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Wednesday, 9 May 2018

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 9 MAY 2018

Aluminium trading range for the day is 155.1-163.9. Aluminium recovered from lows after President Vladimir Putin said that sanctions imposed on Russian aluminium aimed to give a competitive edge. China's aluminium exports inched higher in April as U.S. import tariffs were offset by a spike in international prices due to U.S. sanctions on Rusal. China exported 451,000 tonnes of unwrought aluminium and aluminium products, including primary, alloy and semi-finished aluminium products, in April.

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