EPIC RESEARCH MCX ALUMINIUM UPDATE OF 05 JUNE 2017

Aluminium trading range for the day is 122.1-125.3.Aluminium prices dropped as pressure seen amid possible massive production restarts after prices rose recent rally was fueled by production cutbacks.Aluminum ingot stocks in China’s five major markets increased 23,000 tonnes on a weekly basis and will remain at current highs for the foreseeable future.Roughly 2.17 million tonnes of alumina capacity, which was cut due to environmental issue may come back online once environmental checks end.

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