Thursday, 9 October 2014

CAPITAL STROKE UPDATE 9 October 2014 : MCX ALUMINIUM



Aluminium trading range for the day is 116.6-120.4.
Aluminium dropped due to expectation of growing supply and a slowdown of growth in China and Europe.
Alcoa Inc has decreased its estimate for the global aluminum market deficit this year due to smelter restarts in China

ANZ Bank sees aluminum surplus to expand to 1 million tonnes next year from 600,000 tonnes this year.

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