Thursday, 13 October 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 13 Oct 2016

Aluminium trading range for the day is 111.4-112.8.
Aluminium settled flat as the spotlight returned to oversupply and expectations of rising output in top producer China.
Stocks of aluminium in LME registered warehouses have fallen more than 25 percent since March to 2.12 million tonnes, which has tightened the LME market
In reality, however, supplies are abundant and global inventories are estimated at about 15 million tonnes.
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