Tuesday, 27 June 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 27 JUNE 2017

Aluminium trading range for the day is 118.8-120.8. Aluminium settled flat as the market focused on rising supplies and exports from top producer China, lower output costs and higher inventories. Market is expecting that Shandong, Xinjiang and Inner Mongolia may release the list of aluminum smelters ordered to close illegal capacity. European manufacturing PMIs beat expectations and climbed to a more than six-year high, but U.S. factory data disappointed.

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