Wednesday 22 June 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 22 JUNE 2016

Aluminium trading range for the day is 109.1-111.1. Aluminium bucked the weaker trend, and ended with gains amid reports of falling Chinese inventories. Russian aluminium giant Rusal Plc may reduce its output capacity by 200,000 tonnes if aluminium prices fall below $1,500 per tonne. Some of the new power grids being constructed are using aluminium, that's been supportive of the demand side.        
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