EPIC RESEARCH MCX ALUMINIUM UPDATE OF 18 JULY 2017

Aluminium trading range for the day is 119.9-125.3. Aluminium dropped amid Chinese production, which jumped 7.4 percent year-on-year to 2.93 million tonnes in June. Expectations of lower aluminium supplies from top producer China over the coming months, due to shutdowns of illegal capacity, limited the downside. China churned out record amounts of aluminium in June as producers rushed to cash-in on rallying prices in the wake of a drive by Beijing to crack down on output.



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