EPIC RESEARCH MCX ALUMINIUM UPDATE OF 23 AUGUST 2016

Aluminium trading range for the day is 110.5-112.1. Aluminium prices settled flat after trading in the range as an upward path for the dollar weighed on prices. Bets that the U.S. Federal Reserve may offer signals that indicate an impending interest rate rise have pulled up the dollar. The latest report published by the WBMS indicates that global primary aluminum market has recorded a marginal deficit during the initial six months of the year.        
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