EPIC RESEARCH MCX ALUMINIUM UPDATE OF 28 DECEMBER 2016

Aluminium trading range for the day is 116.8-119.2. Aluminium gained amid short covering in market after prices remained under pressure as lower imports by Chinese firms weighed. China's commerce ministry expects non-financial outbound direct investment will be 1.12 trillion yuan ($161.19 billion) in 2016. The premiums that Japanese buyers pay for aluminium are projected to stay between $80 and $140 a tonne next year .

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