Monday, 15 May 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 15 MAY 2017

Aluminium trading range for the day is 120.2-122. Aluminium gained tracking LME prices ended up 0.9 percent as support seen after China might cut aluminum production by as much as 1-1.5 million tonnes.Global aluminum market deficit will expand to 1.1 million tonnes in 2017 from 0.7 million tonnes in 2016 since demand will grow faster than supply, Rusal said. Global demand for aluminium continued to grow in the first quarter of 2017, led by the transportation sector, while supply is expected to tighten.

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