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Thursday 6 December 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 6 December 2018

Aluminium trading range for the day is 138.6-141.2.

Aluminium traded in range as stalling manufacturing growth compounded plentiful supply amid relatively lenient winter output curbs.

Primary aluminium supply and demand are both declining across Chinese markets

Chalco said that it will cut 470,000 mt of aluminium capacity, which grew announced aluminium capacity cuts in China thus far this year to 2.76 million mt.

Warehouse stock for Aluminium at LME was at 1045250mt that is down by -1025mt.

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