EPIC RESEARCH MCX ALUMINIUM UPDATE OF 02 JUNE 2017

Aluminium trading range for the day is 122.8-125.8.Aluminium dropped as pressure seen after a survey showed China's manufacturing activity contracted unexpectedly in May.Traders are watching large holdings of LME cash contracts and warrants of aluminium.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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