Tuesday, 30 May 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 30 MAY 2017

Aluminium trading range for the day is 125.6-126.2.Aluminium settled flat as LME markets were closed, also in absence of cues from the US markets on account of Memorial Day holiday prices moved in the rangeWhile sentiments remain firm as global aluminium producer has offered Japanese buyers a premium of $123 per tonne for July-September primary metal shipments. Spot premiums have softened in Japan and the United States, although some Japanese buyers face lower inventories due to solid local demand.



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