Friday 30 September 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 30 SEP 2016

Aluminium trading range for the day is 109.7-111.7. Aluminium prices rallied due to the appearance of a tighter market and demand from Europe. Semi-finished aluminium goods in China are being turned back into metal, sources say, highlighting a supply overhang. Stocks of aluminium in warehouses monitored by ShFE, have fallen nearly 70 percent since March to near 100,000 tonnes.

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