Wednesday, 21 February 2018

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 21 FEBRUARY 2018

Aluminium trading range for the day is 140.8-144.4. Aluminium on MCX settled down as the dollar continued to rebound while trading volume remain thin as the Shanghai market is closed. Global primary aluminium output excluding China dipped to 2.220mtns in January from a revised 2.224mtns in December, IAI data showed. The premium for cash aluminium over the three-month contract fell to $31 after touching $50, the highest since 2007.

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