EPIC RESEARCH MCX ALUMINIUM UPDATE OF 23 AUGUST 2017

Aluminium trading range for the day is 130.9-133.1. Aluminium dropped after rise in LME stocks weighed after prices gained recently environmental crackdown in top producer China. Primary aluminum output outside China totaled 2.17 million tonnes in July, higher than June’s 2.1 million tonnes, data from IAI showed. China’s aluminum production will fall in August from July’s level since production cuts will outpace commissioning of new capacity.



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