EPIC RESEARCH MCX ALUMINIUM UPDATE OF 20 JULY 2017

Posted by aditi on 11:59:00 with No comments

Aluminium trading range for the day is 121.3-124.1. Aluminium dropped as pressure seen as aluminum ingot stocks in China’s five major markets have reached the highest level in nearly five years. Global primary aluminum market was in a deficit of 735,000 tonnes during January-May, versus 1.1 million tonnes for the whole of 2016.A pick-up in the industrial sector helped China post better than expected second-quarter economic growth.

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