Friday, 9 June 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 09 JUNE 2017

Aluminium trading range for the day is 120.9-123.9. Aluminium dropped despite of China’s data suggested the economy is holding up better than expected despite rising lending rates. Some Japanese aluminium buyers have agreed to pay producers a premium of $119 per tonne for shipments in the July to September quarter, reflecting lower spot premiums. Japan's economic growth in the January-March period was severely revised down from the original estimate because of a downward adjustment in business inventories.

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