Thursday, 29 June 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 JUNE 2017

Aluminium trading range for the day is 120.9-122.5. Aluminium gained tracking firmness in LME prices as China's economy continued to improve in the second quarter.China pushed back at charges by U.S. manufacturers and labour unions that it has flooded the market with cheap aluminium and put U.S. producers out of business. The Japanese aluminium premium was set at $118 to $119 per tonne for metal to be shipped in the third quarter, down 7% to 8% from $128 per tonne.

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