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Thursday 31 May 2018

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 31 MAY 2018

Aluminium trading range for the day is 151-155. Aluminium prices traded in range as concerns over the prospect of a U.S.-China trade war simmered, weighing on metals. Two global aluminium producers have offered Japanese buyers a premium of $159 to $160 per tonne for primary metal shipments for the July to September quarter. Japan produced 107,000 mt of flat rolled aluminium products in April, up 4.7% year on year, according to data from the Japan Aluminium Association.

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