EPIC RESEARCH MCX ALUMINIUM UPDATE OF 3 AUGUST 2016

Posted by Farhan Khan on 11:51:00 with No comments
Aluminium trading range for the day is 107.2-110.8.        
Aluminium dropped amid a drop in energy prices and limp factory demand as the northern hemisphere summer hits full swing.   
U.S. consumer spending rose more than expected in June, suggesting strength that appeared to be sustained early in the third quarter.    
SHFE stocks, which were last at 116,883 tonnes, have fallen over the past two months amid domestic tightness, also down 180,154 tonnes so far in 2016.


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