EPIC RESEARCH MCX ALUMINIUM UPDATE OF 03 AUGUST 2017

Aluminium trading range for the day is 120.9-124.3.Aluminium gains on buying from investors expecting capacity cuts in top producer ChinaChina Hongqiao Group Ltd, said it plans to shut more than 2 million tonnes a year of outdated smelter capacity. But investment in new capacity means Hongqiao still expects production to remain at levels close to current output at 6.5-7.0 million tonnes.



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