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Wednesday 18 May 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 18 MAY 2016

Aluminium trading range for the day is 102.4-104.6.      
Aluminium dropped on profit booking after gaining earlier on signs that Chinese smelters have curtailed production, paring a ballooning surplus.     
Official data showed China's output in April fell 1.2 percent on the year to to 2.57 million tonnes.        
Aluminium stocks at three major Japanese ports stood at 324,800 tonnes at the end of April, down 6 percent from a month earlier.  

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