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Wednesday 7 December 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 07 DECEMBER 2016


Aluminium trading range for the day is 114.6-118. Aluminium dropped as an “irrational” increase in prices prompts companies to restart plants while new capacity also ramps up in the world’s largest supplier. A Chinese metals industry association warned of a sharp drop in aluminium prices in the New Year. US’s nonfarm payroll report for November missed market expectation, but the unemployment hit the lowest level since August 2007.




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