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DashboardDatabaseProReportsEventsConsultingSHANGHAI, Aug. 2 (SMM) – Spot aluminum was mainly traded at RMB 15,370-15,390/mt in Shanghai on August 2, with discounts at RMB 30-50/mt and low-iron aluminum traded at RMB 15,420-15,450/mt. The current-month SHFE aluminum contract dropped by RMB 50/mt on weak manufacturing PMI. Cargo holders were eager to move goods due to high inventories. Buying activity was active at lower prices, causing trading to improve from the previous trading day. Spot discounts remained.
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