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Traders Flood into Aluminum Market on Growing Bullishness, SMM Reports
Aug 17,2017 17:15CST
smm insight
Source:SMM
Traders in both east and south China markets sourced goods actively today as two consecutive days of rally in SHFE aluminum fueled their optimism. 

SHANGHAI, Aug. 17 (SMM) – Traders in both east and south China markets sourced goods actively today as two consecutive days of rally in SHFE aluminum fueled their optimism. 

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Downstream producers, by contrast, were unwilling to buy at current high prices. 

Aluminum Stocks Surge in China Seven Major Markets, SMM Says

Prices in Guangdong mainly traded between 16,280-16,300/tonne, versus 16,200-16,240 yuan/tonne in Shanghai. 

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aluminum prices
SHFE aluminum prices

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