EPIC RESEARCH MCX ALUMINIUM UPDATE OF 22 FEBRUARY 2017

Aluminium trading range for the day is 124.4-127. Aluminium dropped as surplus Chinese production flows into warehouses and drags on global prices. The potential for environmentally driven Chinese smelting capacity closures to skew aluminium price risk higher in the medium term. A major producer has made an indicative offer of a premium of $125 per tonne to Japanese buyers for April-June primary metal shipments, up 32 percent from the last quarter.

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