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Friday, 28 September 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 28 September 2018

Aluminium trading range for the day is 144.4-149.6.

* Aluminium dropped as Rusal is likely to set up a traders’ team in China for the transaction of its aluminium ingot.

* The China’s aluminium inventory cycle has lingered in a destocking phase for 25 weeks.

* Social inventories of primary aluminium across major consumption areas in China, coming at 1.606 million mt, decreased 29.64%

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