EPIC RESEARCH MCX ALUMINIUM UPDATE OF 22 AUGUST 2016

Aluminium trading range for the day is 109.9-113.1. Aluminium prices dropped on profit booking after prices hit their strongest level in 13 months propped up by firm demand and tighter supply. Global primary aluminum market has recorded a marginal deficit during the initial six months of the year, according to WBMS. As per the report, the market reported a deficit of 479,000 tons when matched with the deficit of 331,000 reported for the entire year 2015.
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