EPIC RESEARCH MCX ALUMINIUM UPDATE OF 16 JUNE 2016
Posted by Unknown on 11:53:00 with No comments
Aluminium trading range for the day is
106.7-109.9.
Aluminium hit its highest level in nearly six weeks as the dollar dipped and investors bought more risky assets ahead of a Federal Reserve meeting.
Aluminium stocks at three major Japanese ports stood at 337,200 tonnes at the end of May, up 3.8 percent from a month earlier.
LME data showed one entity held 40-50 percent of short-term aluminium futures.
Aluminium hit its highest level in nearly six weeks as the dollar dipped and investors bought more risky assets ahead of a Federal Reserve meeting.
Aluminium stocks at three major Japanese ports stood at 337,200 tonnes at the end of May, up 3.8 percent from a month earlier.
LME data showed one entity held 40-50 percent of short-term aluminium futures.
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