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Tags: Shanghai aluminum prices

SHANGHAI, Jan. 27 (SMM) – Spot aluminum largely traded between RMB 12,720-12,730/mt in Shanghai and Wuxi on Tuesday, discounts of RMB 50-60/mt over SHFE 1502 aluminum contract, versus RMB 12,710-12,720/mt in Hangzhou. Sellers were keen to sell at highs out of fear that prices might fall back and since cash flows is tightening at the month’s end. Buyers showed little interest.

from metal.com