EPIC RESEARCH MCX ALUMINIUM UPDATE OF 28 MAY 2018

Aluminium trading range for the day is 153.1-159.1. Aluminium remained supported amid news that UC Rusal has not yet received any formal notice that sanctions target Oleg Deripaska has resigned from his board position. United Company Rusal resumed shipping aluminium to some customers last week following an extension of the deadline for companies to wind down contracts. Sources said uncertainty about aluminium supplies supports prices, which at around $2,250 a tonne are up more than 10 percent since April 6.

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