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Tuesday, 16 October 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 16 October 2018

Aluminium trading range for the day is 148.1-153.5.

* Aluminium traded in range as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism.

* Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.595 million mt.

* China recorded a record trade surplus of $34.13 billion with the US in September despite intense trade tensions between the world's two largest economies.

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