EPIC RESEARCH MCX ALUMINIUM UPDATE OF 01 AUGUST 2017

Aluminium trading range for the day is 121.9-123.7. Aluminium prices gained on upbeat manufacturing data in top consumer China.Aluminum ingot stocks in China’s five major markets rose for five weeks in a row to hit a new record high last week. Apart from already shutdowns of illegal aluminum capacity under operation and construction, Rusal estimated that more capacity will be closed in China.

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