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Wednesday 12 December 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 12 December 2018

Aluminium trading range for the day is 136.8-144.6.

Aluminium dropped as pressure seen on-warrant inventories of aluminium in LMEmonitored warehouses jumped 4 percent to 829,500 tonnes.

Some 2,700 mt of aluminium scrap across three companies received the green light in the 24th batch of approvals for restricted solid scrap imports.

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.32 million mt.

Warehouse stock for Aluminium at LME was at 1072450mt that is up by 31475mt.

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