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Monday, 6 February 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 6 FEBRUARY 2017


Aluminium trading range for the day is 121.4-123.6. Aluminium gained as prices remained supported tracking LME prices gained by 0.3 percent to close at $1,835 amid reversal in the dollar index. Alcoa Corp. expects the global glut of aluminum to ease this year as rising demand in China cuts into surpluses. U.S. jobs data showed a smaller than expected rise in wages last month, raising doubts about the strength of the economy.

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