Tuesday, 8 November 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 08 Nov 2016

Aluminium trading range for the day is 113-117.6. Aluminium prices gained with a stockpile in the Chinese market leading the charge, along with concern over an available supply shortage. Chinese road regulations as the main cause, as new weight limitations on trucks have delayed aluminum deliveries. These shortage concerns, combined with improving China demand and higher energy prices, have led speculators to jump into market.
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