EPIC RESEARCH MCX ALUMINIUM UPDATE OF 26 MAY 2016

Posted by Farhan Khan on 11:12:00 with No comments
Aluminium trading range for the day is 102.5-105.7.      
Aluminium dropped pulled down by rising local production as higher prices encourage smelters to restart and exacerbate a local glut.       
Meanwhile, Chinese factories, which typically slow down over the northern hemisphere summer months, are scrimping on their orders.              
Data on U.S. unemployment and durable goods are due later, potentially offering further evidence on the strength of the U.S.


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