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China’s national price of 99.7% primary aluminum ingot under Mymetal’s assessment continued to hover high over July 1-7, reaching Yuan 18,841 /tonne ($2,910/t) as of July 7, or up Yuan 91/t on week, as market sentiment had been relatively bullish, market sources shared on Thursday.
“Now it is a slack season for aluminum consumption, and spot sales have been lukewarm, but the overall market sentiment has appeared relatively optimistic, especially for the metal’s price prospect for the remainder of this year with the solid fundamentals,” a Shanghai-based aluminum trader commented. Many aluminum fabricators in China have received fewer new orders,


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