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Thursday 21 February 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 21 February 2019

Aluminium trading range for the day is 130.5-132.9.

Aluminium gained as investors dared to hope for both progress at Sino-U.S. trade talks in Washington this week and more policy stimulus from major central banks.

Chinese banks received around 2.8 trillion yuan in new loans in January according to the People’s Bank of China, over double December’s 1.08 trillion yuan.

The US should respect China's right to develop and become prosperous, reiterating that the country's doors to the outside world would open wider.

Warehouse stock for Aluminium at LME was at 1250000mt that is down by -5725mt.

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