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Chinese aluminum market keeps inactive amid weak demand

9 Feb 2018 15:03 reported by Joy Liu

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The global basic metal market generally rose due to the weak US dollar; however, Shanghai aluminum performed badly so the market was difficult to be boost in the short term. The inventories of Shanghai aluminum would continue operating weakly during the Spring Festival.

Analysts said that the aluminum price might settle at RMB 13,800/ton after it fell to RMB 14,500/ton below in the current weak market.