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Aluminum Trading in East China Dampened as Pessimism Spreads (Oct. 14, 2014)

Spot aluminum largely traded at RMB 13,710-13,720/mt in Shanghai and Wuxi on Tuesday, discounts of RMB 0-10/mt over SHFE 1410 aluminum contract, versus RMB 13,720-13,730/mt in Hangzhou. SHFE near-month aluminum contracts fall more sharply than distant-month contracts, fueling pessimism in physical markets and leaving trading muted.

Source:SMM

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