EPIC RESEARCH MCX ALUMINIUM UPDATE OF 13 JULY 2018

Aluminium trading range for the day is 137-143.8. Aluminium prices ended with losses tracking weakness in LME prices as pressure seen after rise in LME stocks by over 14000mt. China's inventory of primary aluminium across eight major markets, including SHFE warrants, fell 33,000 mt over the week to stand at 1.8 million mt. Accelerated downstream consumption due to falling prices led the decline in stocks to be bigger than the 10,000 mt week-on-week drop recorded last week.

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