Monday 9 May 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 9 MAY 2016

12:11:00

Aluminium trading range for the day is 105.1-108.3.
Aluminium prices dropped on expectations of an oversupplied market adding to the pressure.
Even though aluminium inventories are high, nearly all of them are locked up in financing deals, reducing material available to the market.
Aluminum weekly stocks at Shanghai exchange came down by 7762 tonnes.
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