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Wednesday, 7 March 2018

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 07 MARCH 2018

Aluminium trading range for the day is 137.2-140.8. Aluminium dropped on late profit booking after prices seen supported after an official in China said the country would continue to cut aluminium capacity this year. China will continue to cut aluminium capacity this year, official from country's top economic planner said.

The price of cash aluminium has fallen below the three-month price, suggesting that traders see ample supply.

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