Friday 10 October 2014

CAPITAL STROKE UPDATE 10 October 2014 : MCX ALUMINIUM



Aluminium trading range for the day is 116.6-119.4.

Aluminium ended with losses as pressure seen after data showed that US initial jobless claims dropped unexpectedly
Federal Reserve’s Richard Fisher said interest rate hike may occur around the middle of 2015, the schedule will be subject to economic data

Aluminum continues to face a large structural surplus, but non-Chinese producers are addressing this and China could start to experience raw material shortages.

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