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SHFE Aluminum to Remain Stuck between Moving Averages

Author:Site  Source:Network  Click to rate:1205  Post time:2016-01-06

SHANGHAI, Jan. 6 (SMM) –SHFE 1603 aluminum was stuck between the 5-day and 20-day moving average during Tuesday’s night session, and should move between RMB 10,565-10,785/mt on Wednesday.In China’s spot market, spot discounts of RMB 150-110/mt are expected over SHFE 1601 contract.
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