EPIC RESEARCH MCX ALUMINIUM UPDATE OF 05 MAY 2017

Aluminium trading range for the day is 121.6-123.8. Aluminium prices dropped as pressure continues as LME ended with a 0.6 percent decline on worries over cooling demand. Global aluminium demand is now expected to rise 4-6 percent in 2017 compared to Hydro's earlier view of 3-5 percent. A report showed that new orders for goods manufactured in the United States rose for a fourth month in March, but by less than expected.

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