Monday, 30 October 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 30 OCTOBER 2017

Aluminium trading range for the day is 136.6-143.2. Aluminium dropped on profit booking after prices gained amid expectation of further tightness as Chinese producers cut production heading into winter. Shanghai stocks have been steadily rising to an all-time high of 615,370 tonnes. Data showed aluminium output dropped 5.6 percent to 2.6 million tonnes, its lowest since April 2016.



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