EPIC RESEARCH MCX ALUMINIUM UPDATE OF 28 JULY 2017

Aluminium trading range for the day is 122.1-124.9. Aluminium dropped on profit booking amid ride in dollar after prices gained earlier driven by positive sentiment about the Chinese economy and commodity demand. Russia's Rusal said it expects oversupply in China's aluminium market to narrow in the second half, leading to a "much tighter market" for 2018. Russia's Rusal said it also expects another 2-3 million tonnes of operating capacity to be shut by year-end.

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