EPIC RESEARCH MCX ALUMINIUM UPDATE OF 22 JUNE 2016
Posted by Unknown on 11:45:00 with No comments
Aluminium trading range for
the day is 109.1-111.1.
Aluminium bucked the weaker trend, and ended with gains amid reports of falling Chinese inventories.
Russian aluminium giant Rusal Plc may reduce its output capacity by 200,000 tonnes if aluminium prices fall below $1,500 per tonne.
Some of the new (Chinese) power grids being constructed are using aluminium, that's been supportive of the demand side.
Aluminium bucked the weaker trend, and ended with gains amid reports of falling Chinese inventories.
Russian aluminium giant Rusal Plc may reduce its output capacity by 200,000 tonnes if aluminium prices fall below $1,500 per tonne.
Some of the new (Chinese) power grids being constructed are using aluminium, that's been supportive of the demand side.
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