EPIC RESEARCH MCX ALUMINIUM UPDATE OF 02 FEBRUARY 2018

Aluminium trading range for the day is 138.3-144.9. Aluminium prices gained as capacity cuts kept supporting prices despite rising stockpiles in China reinforce worries that the Chinese market remains in surplus. China’s social inventory of refined aluminium including SHFE warrants stood at 1.76 million mt, down a slight 2,000 mt from a week ago, data showed. Asia's factories got off to a strong start in 2018, with manufacturing activity in many countries gaining momentum and hitting multi-year highs.




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