EPIC RESEARCH MCX ALUMINIUM UPDATE OF 04 Nov 2016

Aluminium trading range for the day is 113.6-116.6. Aluminium prices gained underpinned by an easing in the dollar and amid record low aluminum stocks in China’s five major markets. Aluminum available in the market comes mainly from imported aluminum in bonded zone, given low stocks of domestic aluminum. The China’s Caixin October services PMI at 52.4 was close to forecast of 52.5 and up from 52.0 in the previous month.
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