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Tuesday, 18 April 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 18 April 2017


Aluminium trading range for the day is 121.8-125.8. Aluminium prices gained after fresh capacity cuts in China, while the country's robust Q1 growth underpinned its demand outlook. Three new aluminium projects with a capacity of 2mt have been halted in Xinjiang in China for violating rules aimed at curbing capacity. Shanghai aluminium closed 2.3% higher at 14,485 yuan, after climbing to its highest in five months earlier in the session at 14,995 yuan.




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