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Wednesday, 20 June 2018

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 20 JUNE 2018


Aluminium trading range for the day is 146.4-153.6. Aluminium dropped as prices continued to face pressure from higher operating capacity and a potential surge in domestic supply. The U.S. Commerce Department has determined that Chinese common alloy aluminium sheet products are being sold in U.S. market at less than fair value. China's inventory of primary aluminium, including SHFE warrants, extended its declines over the weekend as limited deliveries arrived.

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