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Friday 8 March 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 8 March 2019

Aluminium trading range for the day is 142.8-146.4.

Aluminium dropped due to rising inventories and Chinese demand concerns.

China, will report its February aluminium export figure on Friday, shipments surged to a record high of 552,000 tonnes in January.

The U.S. goods trade deficit surged to a record high in 2018 as strong domestic demand fueled by lower taxes pulled in imports.

Warehouse stock for Aluminium at LME was at 1229000mt that is down by -5900mt.

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