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Tuesday 18 December 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 18 December 2018

Aluminium trading range for the day is 135.9-140.5.

Aluminium gained tracking LME prices despite soft economic data from China and Europe added to evidence of cooling global growth.

China's aluminium production rose by 19.2 percent to 2.82 million tonnes in November from a year earlier, according to data.

In the first eleven months of the year, China produced 31.45 million tonnes, a rise of 7.5 percent from the same period last year, the data showed.

Warehouse stock for Aluminium at LME was at 1169625mt that is up by 19525mt.

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