Wednesday, 9 November 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 09 Nov 2016

Aluminium trading range for the day is 113.1-116.1. Aluminium prices dropped on profit booking as supply disruptions in China eased. Asian aluminium premiums continue to be underpinned by China-led demand after the arbitrage between Shanghai and London markets opened. In Japan, the demand has not changed drastically but there is a positive outlook due to the sentiment that Chinese demand for overseas metal will rise.
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