CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 MCX ALUMINUM

Aluminium trading range for the day is 110.6-114.8.Aluminium recovered from lows to end with gains on encouraging pending sales of existing homes in the US in May.Prices also seen supported on the hopes that the Chinese demand for new mining projects may be ramping up faster than expected.Encouraging economic reports from the US, the second largest consumer of base metals, should give further boost to investor sentiment.

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