EPIC RESEARCH MCX ALUMINIUM UPDATE OF 17 OCTOBER 2017

Aluminium trading range for the day is 135.3-139.7. Aluminium dropped as pressure seen as inventories of Aluminium ingot rising again, with intensive arrival in Northwest.The Chinese city of Binzhou, has ordered the closure of around 2.57 million tonnes of smelting capacity this winter. Aluminium stocks at three major Japanese ports declined 2.4 percent to 275,900 tonnes by end-September from the previous month.


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