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Friday 5 October 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 05 October 2018

Aluminium trading range for the day is 155.5-170.7.

* Aluminium dropped on profit booking following robust U.S. economic data and after Federal Powell said the economy can expand for "quite some time."

* Norsk Hydro said that it would halt production indefinitely and lay off 4,700 people at Brazil’s Alunorte refinery, which has been operating at half capacity since March.

* Aluminium inventories in warehouses approved by the London Metal Exchange fell below 1 million tonnes for the first time since May 2008, LME data showed.

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