Wednesday 16 July 2014

CAPITAL STROKE UPDATE 17-July-2014 : MCX ALUMINIUM


Aluminium trading range for the day is 116.3-119.9.
Aluminium is the only counter in base metals that gained spurred by encouraging Chinese and
US economic data.
Reflecting a tightening market, the discount for cash aluminium to three-month prices narrowed to $20.07, its smallest since late 2012.
The number of US initial jobless claims last week, as well as housing starts and construction permits will be released today.


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