EPIC RESEARCH MCX ALUMINIUM UPDATE OF 18 JULY 2018

Aluminium trading range for the day is 136.4-143.8. Aluminium prices dropped with LME inventory surging 19,375 mt to 1.18 million mt and slower growth of Chinese economy dampened market sentiment. China's inventory of primary aluminium across eight major markets, including SHFE warrants, inched up 17,000 mt over the weekend to stand at 1.82 million mt. China's aluminium producers are responding to tighter supply conditions by boosting output, data showed.

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