EPIC RESEARCH MCX ALIMINIUM UPDATE OF 17 JANUARY 2017

Aluminium trading range for the day is 120.2-124.8. Aluminium dropped on profit booking after prices rose last week supported by expectations that Chinese smelters would shut over the northern hemisphere winter Beijing encourages plants to close to curb pollution and free up scarce coal supplies for heating. Aluminum daily stocks at Shanghai exchange came up by 11188 tonnes.

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