EPIC RESEARCH MCX ALUMINIUM UPDATE OF 26 JULY 2017

Aluminium trading range for the day is 121.4-125.8. Aluminium gained tracking LME prices as support seen amid firmness in other base metals counters despite of rise in LME stocks. Closures of illegal aluminum capacity as of now may add nearly 170,000 tonnes of alumina to spot market per month in the short term. Aluminum ingot stocks in China’s five major markets rose at a slower pace after reaching their highest level in almost five years.



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