EPIC RESEARCH MCX ALUMINIUM UPDATE OF 2 MAY 2016
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Aluminium trading range for the day is 110.4-112.8.
Aluminium hit a nine-month peak as speculators pushed prices higher in the wake of a weaker dollar.
Prices remained supported ahead of new economic data in China that investors hope will confirm that a recovery is gaining strength.
Even though aluminium inventories are high, nearly all of them are locked up in financing deals, reducing material available to the market.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
Aluminium hit a nine-month peak as speculators pushed prices higher in the wake of a weaker dollar.
Prices remained supported ahead of new economic data in China that investors hope will confirm that a recovery is gaining strength.
Even though aluminium inventories are high, nearly all of them are locked up in financing deals, reducing material available to the market.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
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