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Wednesday 12 September 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 12 September 2018



Aluminium trading range for the day is 144.9-151.9.

* Aluminium dropped as weak downstream consumption and uncertainty over winter production cuts weighed on aluminium prices.

* China plans to raise value-added tax (VAT) rebates on exported aluminium products from September 15.

* Stocks across eight consumption areas decreased by some 31,000 mt from Thursday to stand at 1.683 million mt.

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