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Thursday 20 April 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 20 April 2017


Aluminium trading range for the day is 121.6-124. Aluminium prices gained after an initial retreat on signs of robust demand and output cuts in China. Three new aluminium projects with a capacity of 2 million tonnes have been halted in Xinjiang in western China for violating rules aimed at curbing capacity. Confidence among Japanese manufacturers has risen for an eighth straight month to a level not seen since before the 2008 global financial crisis.




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