EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 NOVEMBER 2017

Aluminium trading range for the day is 132.9-136.7. Aluminium prices dropped tracking weakness in LME prices dropped by 1.5 percent to $2,102.5 amid weaker demand in top consumer China Goldman estimates aluminum supply will react to China’s reducing output. In future two to three years aluminium will be in surplus supply.China’s aluminium production in October was 2.546 million tonnes, down from 2.606 million tonnes, data from the IAI showed.




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