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Tuesday, 17 May 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 17 MAY 2016

Aluminium trading range for the day is 102.1-104.3.      
Aluminium prices ended with gains bolstered by a softer dollar and short-covering despite a batch of concerning Chinese data.    
The Federal Reserve Bank of New York said its Empire State Manufacturing Index in May has fallen 9.02 points, halting a brief run of monthly gains over the prior two months.
Aluminum daily stocks at Shanghai exchange came down by 2246 tonnes.     

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