Monday, 17 October 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 17 Oct 2016

Aluminium trading range for the day is 109.8-113.6.
Aluminium prices dropped on profit booking tracking losses in LME prices by around 1 percent settling at $1675.
Aluminum stocks in China’s five major markets increased after the weeklong Chinese National Day holiday, but the growth was much lower than in years past.
Total shipments to end-September reached 3.47 million tons, down from 3.56 million tons a year ago.


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