Aluminium trading range for the day is 124.3-126.9. Aluminium gained as support seen after a recent Chinese government document proposed that about a third of aluminum capacity should be shut over the winter months. Inventories of aluminum ingot in China’s five major trading markets were 905,000 tonnes, surging 319 percent from the record low of 216,000 tonnes seen on September 29, 2016 Chinese banks extended 2.03 trillion in net new yuan loans in January,the second-highest monthly tally on record.
For
COMMODITY TIPS ✆ – 0731-6642300
Connect with our social media sites
0 on: " EPIC RESEARCH MCX ALUMINIUM UPDATE OF 27 FEBRUARY 2017"