Monday, 8 May 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 08 MAY 2017

Aluminium trading range for the day is 120.7-124.1.Aluminium prices dropped on market speculation over industry policy affected by weakness in other base metal prices.Goldman Sachs sees aluminium prices at $2,000/tonne in coming six months and $2,100/tonne in coming twelve months.China started aluminium supply side reform in April this year, through production controls and closure of illegal capacity.


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