EPIC RESEARCH MCX ALUMINIUM UPDATE OF 4 JULY 2016

Aluminium trading range for the day is 110.7-112.7.      
Aluminium gains on worries about supply shortages, as industrial firms in China increasingly buy it in liquid form, creating a shortage of ingots.    
The shortage was highlighted when weekly data showed inventories on the ShFE slid 11.5 percent to 163,664 tonnes.
That means that ShFE inventories have tumbled by more than half from 341,615 tonnes in mid-March.

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