EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 NOVEMBER 2016

Aluminium trading range for the day is 115.5-124.1. Aluminium prices dropped due to profit booking along with heavy rise in LME stocks. Aluminum supply has increased this year as rising aluminum prices triggered the release of new capacity and restarts of idled capacity. China’s top economic commission plans to spend $36 billion on new rail links around Beijing, boosting demand for materials.

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