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Monday, 11 April 2016

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 11 APRIL 2016

Aluminium trading range for the day is 98.8-102.6.        
Aluminium prices gained on short covering after prices drooped on concerns about when demand will grow again and ample supply in China.               
Traders were eager to build stocks and this allowed spot discounts to invert to premiums in aluminum market.            
Aluminum weekly stocks at Shanghai exchange came down by 2495 tonnes.

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