EPIC RESEARCH MCX ALUMINIUM UPDATE OF 17 NOVEMBER 2017

Aluminium trading range for the day is 134.9-139.3.Aluminium prices dropped as speculative investment flows ebbed on caution over the scale of expected Chinese capacity cuts.Earlier support seen on speclation that producer of aluminium is expected to cut millions of tonnes of aluminium capacity during the winter.Chinalco plans to start producing bauxite in the West African nation of Guinea this year or early 2018.


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