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SHANGHAI, Mar. 6 (SMM) – The most active SHFE aluminum contract price failed to rose above RMB 16,200/mt on Wednesday, depressing market confidence. Aluminum price in South China fell to RMB 15,900-15,930/mt. Purchases were sparse with downstream buyers being bearish. Meanwhile, cargo holders were not willing to sell goods at low price, giving certain support to prices at RMB 15,900/mt. Transactions were limited on the whole.
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