Aluminium trading range for the day is 139.8-144. Aluminium dropped as higher prices for raw materials and firms cutting staff have fuelled concerns about growth. China’s social inventory of refined aluminium including SHFE warrants climbed further to 1.78 million mt as of January 2.The Caixin manufacturing PMI hit 51.5 points in December, setting a new high in four months and beating the expectation at 50.7 points.
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