EPIC RESEARCH MCX ALUMINIUM UPDATE OF 24 JULY 2017

Aluminium trading range for the day is 121.6-123.6. Aluminium settled flat paring its gains as pressure seen after massive aluminum capacity cuts might trigger oversupply.On a monthly basis, primary aluminum output rose in China in June, but fell outside China, data from the International Aluminium Institute (IAI) showed.Daily average primary aluminium output excluding China rose to 70,300 tonnes in June, from 70,000 tonnes in May.






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