Wednesday, 25 October 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 25 OCTOBER 2017

Aluminium trading range for the day is 137.4-141.8.Aluminium settled up 1.3% at 140.25 on fresh buying as traders are bullish on price outlook in near term as winter will support cut in production. Winter is coming in China and that means large swaths of industrial capacity in the regions around Beijing and Tianjin must cut production. Heavily polluting industries in the targeted regions will therefore have to reduce output between November and March.



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