Wednesday, 10 May 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 10 MAY 2017

Aluminium trading range for the day is 120-122.2. Aluminium ended with nominal gains despite LME prices fell 0.5 percent to $1,870.50 as the dollar rose. China's exports of unwrought aluminum and aluminum semis were 430,000 mt in April, with YTD exports from January to April at 1490,000 mt, up 0.9 % YoY. Aluminum output in China will refresh record high in May since growing profit brought by falling costs will incentivize production .

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