Tuesday, 16 May 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 16 MAY 2017

Aluminium trading range for the day is 120.8-123.2.Aluminium rose as the market focused on the potential for output cuts in top producer China and higher oil prices.China has ordered aluminium producers in 28 cities to cut output during the winter and outlined plans to curb coal use.Aluminum smelters are now wondering how alumina production cuts will affect aluminum prices.

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