EPIC RESEARCH MCX ALUMINIUM UPDATE OF 13 JULY 2017

Aluminium trading range for the day is 119.9-123.3.Aluminium dropped as pressure seen after rise in LME stocks and news that Alcoa would partially restart its Warrick smelter in Indiana. Expectations of higher supplies to come on the LME market have seen the discount for cash over the three-month contract widen to above $16 a tonne. Latest LME data shows stocks rose 14,875 tonne to above 1.39 million tonnes.

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