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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 31 MAY 2016

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Aluminium trading range for the day is 103.1-104.3.      
Aluminium settled flat as downside were limited as support came as aluminum stocks in China’s major markets fell at a much faster pace.          
A major aluminium producer has offered Japanese buyers a premium of $110 per tonne for July-September primary metal shipments.          
Aluminum daily stocks at Shanghai exchange came down by 5067 tonnes.

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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 31 MAY 2016

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Naturalgas trading range for the day is 144.4-147.6.       
Natural gas edged lower after the latest U.S. weather model called for mild summer temperatures over the next two.              
Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring heating demand.    
Total U.S. natural gas storage stood at 2.8 trillion cubic feet as of last week, according to the U.S. EIA, 37% higher than levels at this time a year ago

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EPIC RESEARCH MCX NICKEL UPDATE OF 31 MAY 2016

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Nickel trading range for the day is 553-567.       
Nickel prices dropped as fading Chinese demand dragged prices towards their weakest monthly showing since November.       
A strike at the Cerro Matoso nickel mine, global second largest ferro-nickel mine which is owned by South32, is expected to break out not before June 14.            
ShFE stocks, have mushroomed to 91,715 tonnes from just 3,100 tonnes this time last year, when the Shanghai contract had only just started trading.

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EPIC RESEARCH MCX ZINC UPDATE OF 31 MAY 2016

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Zinc trading range for the day is 126.9-128.9.    
Zinc prices settled flat amid stronger dollar with the London and U.S. bourses shut for a long weekend.            
Japanese industrial output unexpectedly rose 0.3 percent in April, government data showed, suggesting production was holding up despite weak exports.         
Traders will be looking out for a pair of reports on China's manufacturing sector due, amid ongoing concerns over the health of China.

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EPIC RESEARCH MCX COPPER UPDATE OF 31 MAY 2016

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Copper trading range for the day is 310.8-315.2.              
Copper eased as a stronger dollar and fading Chinese demand dragged prices lower.  
Copper output in Chile fell in April as some mines as hit by heavy rains and ore grades continued to decline, the government said on Monday.  
Hedge funds and money managers added to their bearish bets in copper, taking the total to the highest since January, in the week to May 24, CFTC said.

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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 31 MAY 2016

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Crudeoil trading range for the day is 3247-3511.              
Crudeoil gained despite international trade was subdued because of public holidays in Britain and the United States.
Oil prices inched up toward $50 a barrel although uncertainty ahead of an OPEC producer-group meeting later in the week was expected to cap gains.           
The OPEC meets in Vienna on Thursday, although most analysts did not expect any changes in the group's production. 

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EPIC RESEARCH MCX SILVER UPDATE OF 31 MAY 2016

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Silver trading range for the day is 38212-38866.
Silver dropped the dollar strengthened after Federal Reserve Chair Janet Yellen said an interest-rate hike is likely in coming months.             
The Fed should increase interest rates in the coming months if the economy picks up, Yellen said on Friday, bolstering the case for a rate hike in June or July.
St. Louis Fed President James Bullard said on Monday global markets appeared to be "well-prepared" for a summer rate hike.

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EPIC RESEARCH MCX GOLD UPDATE OF 31 MAY 2016

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Gold trading range for the day is 28281-28861. 
Gold dropped as the dollar hit its highest since end-April against the yen after U.S. Federal Reserve chief Janet Yellen said the central bank should raise interest rates.     
The Fed should increase interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, Yellen said.        
St. Louis Federal President Bullard said global markets appear to be "well-prepared" for a summer interest rate hike from the Fed.


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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 30 MAY 2016

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Aluminium trading range for the day is 102.8-105.         
Aluminium dropped as the anticipated production increases is likely to keep aluminum market well-supplied.             
The latest figures from the International Aluminium Institute (IAI) showed a collective annualized run-rate outside of China of 25.1 million tonnes in April.   
There were signs that Chinese smelters were also curtailing capacity at the end of last year but with Shanghai aluminium prices staging an impressive rally.


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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 30 MAY 2016

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Naturalgas trading range for the day is 139.5-151.3.       
Natural gas prices gains on short covering with hot weather raising expectations for demand.
The US Energy Information Administration reported that natural gas stockpiles grew by 71 billion cubic feet last week.              
Production has weakened and demand has strengthened enough to keep stockpiles from growing as fast as they usually do so far this spring. 


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EPIC RESEARCH MCX NICKEL UPDATE OF 30 MAY 2016

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Nickel trading range for the day is 554.4-572.4.
Nickel prices gained tracking firmness in LME prices as investors bought futures to square positions.  
Headline imports of refined metal hit a new all-time record high of 49,012 tonnes in April.      
Global nickel market ended in small deficit of 8,400 tonnes in January-March 2016 with apparent demand exceeding production. 


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EPIC RESEARCH MCX ZINC UPDATE OF 30 MAY 2016

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Zinc trading range for the day is 125.7-128.9.    
Zinc prices gained as supply cuts begin to take effect and inventories of the metal fall to the lowest since 2009.            
Zinc demand will benefit to the extent that China continues to rely on infrastructure growth for overall economic support.             
As per WBMS data, the global zinc market recorded small surplus of 90 kt during the initial three months of the year from January to March.


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EPIC RESEARCH MCX COPPER UPDATE OF 30 MAY 2016

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Copper trading range for the day is 311.8-317.8.              
Copper gained helped by a rebound in China steel, but expectations that a likely hike in U.S. interest rates in the next two months will boost the dollar.          
Supporting prices was a 14 percent weekly fall in copper inventories in warehouses monitored by the Shanghai Futures Exchange.         
Gross domestic product rose at a 0.8 percent annual rate as opposed to the 0.5 percent pace reported last month, the Commerce Department said. 


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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 30 MAY 2016

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Crudeoil trading range for the day is 3254-3348.              
Crude oil dropped as prices came under pressure from a strong U.S. dollar, buoyed by generally positive U.S. economic data.    
Oil pushed through $50 for the first time in about seven months on Thursday after supply disruptions from Canadian wildfires.          
Saudi Arabia has offered larger quantities of crude to customers in Asia after a series of oilfield maintenance initiatives were completed earlier in week. 


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