EPIC RESEARCH MCX ALUMINIUM UPDATE OF 2 DECEMBER 2016

Aluminium trading range for the day is 115.8-120. Aluminium prices tracking weakness in LME prices despite China’s manufacturing PMI increased beyond expectation. LME aluminium stocks dropped to 2,144,850 tonnes and cancelled warrants at 758,625 tonnes were 2,300 tonnes lower. From primary to recycling, total demand for aluminium is increasing by an average of 2% each year, according to figures from European Aluminium.

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