EPIC RESEARCH MCX ALUMINIUM UPDATE OF 3 Nov 2016

Aluminium trading range for the day is 112.8-116. Aluminium prices dropped on profit booking after a tightening U.S. presidential race sparked a bout of risk aversion. Prices for the metal remained benefited in recent session from shortage fears after stockpiles slipped to 12-year lows. LME aluminium stocks fell 3,200 tonnes to 2,137,350 tonnes but cancelled warrants jumped 6,025 tonnes, a move centered on Asia.
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