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Monday, 29 October 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 29 October 2018

Aluminium trading range for the day is 142.8-147.

* Aluminium prices gained as the market was supported by lower global production.

* Investors are spooked about Sino-U.S. trade frictions, a mixed bag of U.S. corporate earnings, Federal Reserve rate increases and an Italian budget dispute.

* Aluminium production appears to be being cut back in China due to the current weak margins. Lower production, which should result in lower Chinese exports.

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