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Supply anxiety, higher costs drive SHFE Al price up

ABSTRACT

The most-traded aluminum contract on Shanghai Futures Exchange, that for September delivery, increased for the third successive day, or up Yuan 125/tonne ($18.3/t) from the settlement price of Monday to close at Yuan 14,540/t as of July 31.
The most-traded aluminum contract on the Shanghai Futures Exchange, that for September delivery, increased for the third successive day on Tuesday to close at Yuan 14,540/tonne ($2,128.3/t), up Yuan 125/t from Monday’s settlement price. Market watchers attributed the continued pick-up in SHFE futures to the strengthening prices of spot aluminium. For

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