Thursday, 27 July 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 27 JULY 2017

Aluminium trading range for the day is 121.9-126.3.Aluminium dropped despite of rise in LME prices due to better demand outlook from China after second-quarter growth beat expectations.Closures of illegal aluminum capacity may add nearly 170,000 tonnes of alumina to spot market per month in the short term.Alumina supply & demand balance in China will depend on how much more aluminum capacity will be closed for the rest of the year.



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