SHANGHAI, Sept. 6 (SMM) – Trading improved a lot in Guangdong aluminum market today as rally of SHFE aluminum this morning restored market confidence.
Qujing Aluminum Restarts Idled Capacity after Four Years
Mainstream traded prices were 16,110-16,130 yuan/tonne in Guangdong, a premium of 80 yuan/tonne over Shanghai.
LME Reports Higher Aluminum Net Long Positions
Traders stockpiled goods actively, while downstream producers went bargain hunting.
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