Monday, 19 June 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 19 JUNE 2017

Aluminium trading range for the day is 119.5-121.5. Aluminium prices dropped as commissioning of new capacity added to market supply, while consumption is softening. Rusal said that it plans to expand annual aluminum output from 2016’s level by 19% to 4.4 million tonnes by 2021, citing growth in global demand. China’s primary aluminum production rose on a year-on-year-basis in May, data from the National Bureau of Statistics (NBS) showed.



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