Friday, 11 August 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 11 AUGUST 2017

Aluminium trading range for the day is 127.6-131.8. Aluminium gains with investors flooding into the market on prospects that capacity closures in the world's top producer would tighten supply. China's top aluminium foil producers are preparing a legal defence challenging a preliminary U.S. ruling that would impose hefty penalties on imports. Shanghai aluminium futures Open interest flew to a record-high around 900,000 lots and was up by 50 percent since Aug. 1.

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