EPIC RESEARCH MCX ALUMINIUM UPDATE OF 11 OCTOBER 2017

Aluminium trading range for the day is 138.6-141.6. Aluminium dropped on profit booking after prices supported on news of production output curtailed in the coming weeks on environmental grounds. The Ministry of Industry & Information Technology (MIIT) recently announced new policy about aluminum capacity replacement.The new policy allows cross-province aluminum capacity replacement, which means local governments will no longer have the right to forbid aluminum plants.






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