EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 JUNE 2016

Aluminium trading range for the day is 107.5-111.3.      
Aluminium prices rallied boosted by growing expectations of monetary stimulus and a weaker dollar
Morgan Stanley expects demand growth of 3.6% this year combined with supply discipline will mean the aluminium market has a small surplus of 34,000 tonnes this year.  
Aluminum daily stocks at Shanghai exchange came down by 2492 tonnes.

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