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Monday, 16 May 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 16 MAY 2016

Aluminium trading range for the day is 101.7-104.1.      
Aluminium prices ended with losses on persistent worries about oversupply.
U.S. retail sales in April recorded their biggest increase in a year suggesting the economy was regaining momentum after growth almost stalled in the first quarter.         
Investors have been worried about reports that many Chinese smelters were reversing production cutbacks after prices rebounded, would add to global surplus.  

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