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Wednesday, 29 March 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 MARCH 2017


Aluminium trading range for the day is 124-127.2. Aluminium gained buoyed by brighter data from the United States, and expectations of seasonally improving second-quarter demand. Aluminium for tomorrow/next day deliveries on the LME have flared into backwardation, reflecting a lack of easily available supply. Some Japanese aluminium buyers have agreed to pay producers a premium of $128 per tonne for shipments in the April-June quarter.

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