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Wednesday 24 August 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 24 AUGUST 2016

Aluminium trading range for the day is 110.6-112.2. Aluminium settled flat on market jitters over the timing of U.S. interest rate rises, dollar direction and strength of demand in China. Aluminum production in China will grow further in August to 2.69 million tonnes due to release of new and restarted capacity. Markets are now looking to a gathering of central bankers on Friday for clues on any U.S. rate hikes. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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