EPIC RESEARCH MCX ALUMINIUM UPDATE OF 16 NOVEMBER 2017

Aluminium trading range for the day is 133.4-139.4.Aluminium recovered after Chinalco is cutting its alumina capacity by 2mt this winter to comply with pollution-related restrictions on heavy industry. China Hongqiao Group has closed enough smelting pots to comply with industry output restrictions in northern China this winter Aluminium and alumina producers in the 28 cities targeted are supposed to cut output by at least 30 percent this winter.

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