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Friday 9 March 2018

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 09 MARCH 2018

Aluminium trading range for the day is 135.3-138.1. Aluminium ended with gains tracking firmness in LME prices on low level buying. US aluminium industry has been hit hard by job losses and smelter closures that have pushed output to its lowest levels since just after the second world war.

Data showed that China’s exports unexpectedly surged in February, suggesting its economic growth remains resilient even as trade relations with the United States deteriorate.

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