EPIC RESEARCH MCX ALUMINIUM UPDATE OF 5 DECEMBER 2016

Aluminium trading range for the day is 115.7-118.1. Aluminium dropped despite of news Alcoa shut a potline at its Australian Portland smelter due to a power shortage. Throughout the year, the PBoC has injected billions of yuan into the economy to stabilize growth and ensure the country expands at a clip of 6.5-7%. The U.S labor market showed that the economy created more jobs than expected in November while the jobless rate unexpectedly fell.

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