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Wednesday 9 January 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 9 January 2019

Aluminium trading range for the day is 129.2-131.2.

Aluminium prices seen some pressure as investors awaited the outcome of the latest round of U.S.-China trade talks in Beijing.

Aluminium has been the worst performer on the London Metal Exchange during the last two months on concerns about excess supply.

Aluminium has the biggest speculative net short position of the LME complex at 28 percent of open interest, a level not seen since November 2015.

Warehouse stock for Aluminium at LME was at 1283500mt that is up by 7450mt.

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