EPIC RESEARCH MCX ALUMINIUM UPDATE OF 17 AUGUST 2017

Aluminium trading range for the day is 127.9-136.9.Aluminium prices rallied as Chinese capacity cuts extend to the sector in Beijing's drive to clean up its skies ahead of the winter heating season. Aluminium stocks at three major Japanese ports rose 3 percent to 268,000 tonnes by end-July compared with the previous month. China Hongqiao Group clarified in a notice to the Hong Kong Exchange that it has shut down 2.68 million tonnes of production capacity amid the country's supply-side reforms.




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