Sunday 27 July 2014

CAPITAL STROKE UPDATE 28-June-2014 : MCX ALUMINIUM




Aluminium trading range for the day is 117.7-122.9.
Aluminium dropped on profit booking on the news that rising Chinese output is likely to act as a brake on aluminium's rally

The global aluminum market has moved into deficit of 579,000 tons this year, with the gap increasing to 619,000 tons next year.

Inventories monitored by the London Metal Exchange are at the lowest since September 2012, a bourse data showed.

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