EPIC RESEARCH MCX ALUMINIUM UPDATE OF 30 JULY 2018

Aluminium trading range for the day is 139.2-142.6. Aluminium gained buoyed after U.S. President Donald Trump and the European Union reached an agreement that investors hope will avert a trade war. The amount of cancelled aluminium inventory — rose 23,175 tonnes, mainly from Busan, taking on-warrant stocks to 939,975 tonnes. Japan’s aluminium industry is more concerned over possible U.S. import tariffs on automobiles that could impact a wider range of the country’s industries.

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