Wednesday, 28 June 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 28 JUNE 2017

Aluminium trading range for the day is 118.8-122.6. Aluminium gains supported by continued concern about a crackdown by the Chinese government on illegal and polluting smelters. Japanese aluminium buyers will pay up to 8 percent less in premiums in the July to September quarter after a fall in spot premiums. Aluminum ingot stocks in China’s five major markets fell at a faster pace last week, despite the ongoing off-season.



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