Friday, 16 June 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 16 JUNE 2017

Aluminium trading range for the day is 120-121.2. Aluminium gained tracking other metals despit Russian aluminium giant Rusal said it plans to boost its production by 19 percent Russian aluminium giant Rusal said it plans to boost its production by 19 percent from 2016 levels to 4.4 million tonnes by 2021, amid rising global demand.China's aluminium production rose 4.2 % yoy in May to hit its second-highest level on record, while non-ferrous metal output rose 2.4% to 4.58mts data from the NBS showed.

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