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Tags: Shanghai aluminum prices

SHANGHAI, Nov. 4 (SMM) – Spot aluminum largely traded at RMB 13,910-13,920/mt in Shanghai and Wuxi on Tuesday, discounts of RMB 80-90/mt over SHFE 1411 aluminum contract, versus RMB 13,920-13,930/mt in Hangzhou. Aluminum prices gained over RMB 100/mt, giving sellers incentive to sell. Processors watched from the sidelines, while traders showed high buying interest.