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Poor Orders at Downstream Producers Restrain Physical Aluminum Trading in South China (Oct. 8, 2014)
Oct 8,2014 16:03CST
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Source:SMM
Aluminum stocks in Nanhai increased 9,000 mt during the Chinese National Day holiday.

SHANGHAI, Oct. 8 (SMM) – The SHFE 1410 aluminum contract hovered narrowly around the RMB 14,000/mt mark during the morning trading session on Wednesday. Aluminum stocks in Nanhai increased 9,000 mt during the Chinese National Day holiday. Traded prices in Nanhai were largely in a RMB 13,970-13,990/mt band on Wednesday since downstream producers remained disinclined to buy due to poor orders. Trading activity was modest.
 

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