EPIC RESEARCH MCX ALUMINIUM UPDATE OF 16 OCTOBER 2017

Aluminium trading range for the day is 135.1-141.1.Aluminium prices dropped giving up gains on profit booking after rising on news a Chinese city had ordered capacity reductions.Over the four-month heating season, 2.57 million tonnes per year equates to roughly 857,000 tonnes of Aluminium output.South Korea bought a total of 2,000 tonnes of Aluminium for December arrival via tenders that closed.


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