EPIC RESEARCH MCX ALUMINIUM UPDATE OF 1 AUGUST 2016

Posted by Farhan Khan on 12:18:00 with No comments
Aluminium trading range for the day is 107-111.2.          
Aluminium prices gained as aluminum stocks in China’s five major markets are still on the decline even after touching 7-year low.            
Stocks of aluminium registered with the London Metal Exchange (LME), have fallen by 577,275 tonnes, or almost 20 percent, so far this year.            
Disappearing LME stocks are no indicator of physical market balance with an expectation of a global 267,500-tonne surplus this year.


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