EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 JANUARY 2018

Aluminium trading range for the day is 139.9-144.9.Aluminium dropped on profit booking due to stock data suggesting oversupply in China. Aluminium deficit seen deeper at 361,500 T in 2018 Inventories of aluminium in warehouses monitored by the SHFE stand at record highs of 783,759 tonnes compared with around 100,000 tonnes a year ago.

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