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Monday 3 December 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 3 December 2018

Aluminium trading range for the day is 134.5-138.9.

* Aluminium prices gained as support seen after Chalco is cutting output on some of its aluminium production lines in northern China

* China's official Purchasing Managers' Index (PMI) fell to 50 in November, missing market expectations and down from 50.2 in October.

* Despite the poor PMI data, other metals rose ahead of the crunch meeting between the presidents of China and the United States at the G20 in Argentina.

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