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Monday 5 November 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 5 November 2018

Aluminium trading range for the day is 143.3-146.7.

* Aluminium gained as sentiments improved after China said it will stimulate the economy and counter downward pressure with preemptive and prompt actions.

* Primary aluminium capacity at Yunnan Aluminium Group is expected to reach 2.1 million mt/year by the end of 2018, the company said.

* U.S. President Donald Trump wants to reach an agreement with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month.

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