Monday, 10 July 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 10 JULY 2017

Aluminium trading range for the day is 123.2-126.2.Aluminium dipped after touching a five-week high in the previous session, hit by profit taking and by signs that supply is still robust. Earlier this year, China ordered steel and aluminium producers in 28 cities to slash output during winter as Beijing intensifies its war on smog. Aluminium inventories in warehouses monitored by the SHFE rose 1,006 tonnes from last Friday to 433,548, their highest since May 2013.

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