Monday, 22 May 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 22 MAY 2017

Aluminium trading range for the day is 123.7-126.7. Aluminium gained after LME aluminium ended up 1.1 percent at $1,943.50 thanks to dollar weakness. China’s aluminum output rose 7.6% year-on-year to 2.77 million tonnes in April, latest data from the National Bureau of Statistics (NBS) showed. Global primary aluminum market was in a deficit of 356,000 tonnes in Q1 2017, compared with a staggering shortage of 1.12 mt in the whole of 2016.



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