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China’s aluminum prices struggle to consolidate gains

SHFE two-month aluminum prices closed the overnight session virtually unchanged at 13,835 yuan per mton ($1,826 per mton, excluding 13% VAT) as intraday technical selling continued to emerge when prices attempted to approach multi-month highs above 13,900 yuan per mton ($1,835 per mton, excluding VAT). China’s aluminum prices are still testing the upper end of their trading range.

 

More details in full report.