EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 MAY 2018

Aluminium trading range for the day is 150.4-156.4. Aluminium traded in range after market talk of production resumptions at Hydro’s Alunorte refinery accelerated the price decline. Continuous declines in international prices have closed the window for exports, and new alumina capacity will come online in July. China's inventory of primary aluminium, including SHFE warrants, shrank to 2.05 million mt on fewer deliveries to warehouses at major markets.

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