EPIC RESEARCH MCX ALUMINIUM UPDATE OF 23 JANUARY 2017

Posted by aditi on 11:05:00 with No comments
Aluminium trading range for the day is 122.4-128.4. Aluminium prices ended with gains on talk that China might have to cut smelting capacity because of environmental concerns. Inventories of aluminium inched slightly lower to 2.3 million tonnes but are up nearly 10 percent over the last month. WBMS indicates that global primary aluminum market has recorded a marginal deficit during the initial eleven months of 2016.

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