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Thursday, 2 February 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 2 FEBRUARY 2017

Aluminium trading range for the day is 120.4-124.4. Aluminium dropped as the dollar recovered and profit-taking after the prices rose on talk of potential capacity cuts in China. U.S. factory activity accelerated to more than a two-year high in January amid sustained gains in new orders, pointing to a recovery in manufacturing. Payroll processing firm ADP said non-farm private employment rose by 246,000 last month, easily surpassing forecasts for an increase of 165,000.

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