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Monday 22 October 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 22 October 2018

Aluminium trading range for the day is 146.2-150.2.

* Aluminium dropped on profit booking despite of market talk that Jinjiang and Xinfa have cut their alumina capacity due to tight supplies of bauxite.

* China's primary aluminium production fell for a second straight month in September and slid to its lowest level since May.

* China's primary aluminium supply is expected to grow at 4.1% in 2019, while consumption is likely to grow at a slower pace of 3%.

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