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Wednesday 13 March 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 13 March 2019

Aluminium trading range for the day is 142.7-146.7.

* Aluminium gained as support seen after China’s social inventories of primary aluminium stemmed increase, and supportive policies like tax cuts bolstered demand.

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

* U.S. retail sales rose modestly in January, but the recovery was not seen strong enough to alter the course of a U.S. economy that was losing momentum in early 2019.

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