EPIC RESEARCH MCX ALUMINIUM UPDATE OF 2 MAY 2016

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Aluminium trading range for the day is 110.4-112.8.      
Aluminium hit a nine-month peak as speculators pushed prices higher in the wake of a weaker dollar.              
Prices remained supported ahead of new economic data in China that investors hope will confirm that a recovery is gaining strength.           
Even though aluminium inventories are high, nearly all of them are locked up in financing deals, reducing material available to the market.

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