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Friday, 30 November 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 30 November 2018

Aluminium trading range for the day is 134-136.4.

* Aluminium prices dropped as slow downstream demand weighed on fundamentals despite cuts on supplies.

* The Russian government could buy up to 50,000 tonnes of aluminium for the state reserve, in a move that would support sanctioned Russian aluminium producer Rusal.

* Supply cuts further lower social inventories of primary aluminium

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