EPIC RESEARCH MCX ALUMINIUM UPDATE OF 30 JANUARY 2017

Posted by aditi on 11:10:00 with No comments
Aluminium trading range for the day is 122.3-125.5. Aluminium prices ended with losses due to profit booking after support seen on reports of potential capacity cuts in China. After years of excess supply the global aluminium market may be turning a corner, as China seeks to cut capacity. A glut of aluminium in recent years has decimated the US aluminium industry, where smelters were forced to shut down as Chinese imports rose.

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