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Thursday 7 March 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 7 March 2019

Aluminium trading range for the day is 143.1-146.5.

* Aluminium dropped as the U.S. dollar strengthened and China cut its economic growth target and pledged measures to support its cooling economy.

* China will cut billions of dollars in taxes and fees, increase infrastructure investment, and step up lending to small firms.

* U.S. Secretary of State Mike Pompeo said he thought the United States and China were "on the cusp" of a deal to end their trade war.

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