EPIC RESEARCH MCX ALUMINIUM UPDATE OF 16 MAY 2018

Aluminium trading range for the day is 152.7-163.3. Aluminium prices gained as low level buying seen as support tracking LME Aluminium which closed 0.4 percent up at $2,327 a tonne. China’s aluminium production rose in April to its highest level on a daily basis since June, as higher aluminium prices encouraged smelters to ramp up output. Output in the world’s top producer rose by 1.1 percent to 2.77 million tonnes in April from a year earlier, according to data released by the National Bureau of Statistics.

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