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Tuesday 12 March 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 12 March 2019

Aluminium trading range for the day is 142-145.8.

* Aluminium dropped as pressure after China’s trade data pointed to a slowing economy despite recent stimulus measures.

* Some Japanese aluminium buyers have agreed to pay a premium of $105 per tonne for shipments in April to June, reflecting higher local spot premiums.

* Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.74 million mt.

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