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Monday, 2 January 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 2 JANUARY 2017


Aluminium trading range for the day is 113.7-116.5. Aluminium gained tracking firmness in LME prices on short covering on the last trading session of the year despite of rise in LME stocks. Japan's aluminum premium for shipments during January to March next year was set at $95 per ton, as spot premiums rose. Global aluminium output rose in recent months – it was up 3% month-on-month in November on higher Chinese output - IAI.


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