EPIC RESEARCH MCX ALUMINIUM UPDATE OF 02 JANUARY 2018

Aluminium trading range for the day is 144.1-145.7. Aluminum prices dropped on profit booking after prices rallied as output cuts in top producer China, which clamped down on unauthorised aluminium capacity. Support also seen after UBS Predicted "Aluminum ‘One of Our Favorites’ as UBS Predicts Rally to $2,400".Data from the International Aluminium Institute showed daily average aluminium output in China fell to 78,300 tonnes in November against 82,100 tonnes in October.

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