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China Aluminum Stocks Return to Growth after Brief Drop, SMM Says
However, most traders were wary of buying due to big volatility in SHFE aluminum. Downstream producers restocked as needed.
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Mainstream traded prices were 16,230-16,270 yuan/tonne in Shanghai, discounts of 150-110 yuan/tonne over SHFE 1709 aluminum, versus 16,230-16,270 yuan/tonne in Wuxi and 16,240-16,250 yuan/tonne in Hangzhou.
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