EPIC RESEARCH MCX ALUMINIUM UPDATE OF 07 JULY 2017

Aluminium trading range for the day is 123.6-126.6.Aluminium prices climbed as worries about supply from top producer China escalated on market talk that local smelters would be forced to shut capacity.There are ongoing investigations into Chinese aluminium production capacity, which hasn't been approved by central government. China's aluminium production last year accounted for 55 percent of the global total, estimated at nearly 59 million tonnes, according to International Aluminium Institute.



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