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Wednesday, 26 December 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 26 December 2018

Aluminium trading range for the day is 130-135.4.

* Aluminium prices dropped despite a proposal to further reduce China’s production capacity.

* Chinese producers are set to cut at least another 800,000 tonnes per year of smelting capacity in coming months.

* The country has cut more than 3 million tonnes of aluminium smelting capacity so far this year.

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