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Aluminium, nickel prices fall ahead of U.S. inflation data

From financialpost.com

Shanghai aluminum and nickel prices fell on Tuesday, as investors exercised caution ahead of key U.S. inflation data and reduced exposure after a supply shortage-driven rally in both metals earlier this month. The most-traded October aluminum contract on the Shanghai Futures Exchange fell 3% to 22,660 yuan a tonne at 0355 GMT, retreating after eight straight sessions of gains.ShFE nickel dropped as much as 4.3% to 146,280 yuan a tonne, retreating from its record high of 155,140 yuan a tonne hit two sessions earlier. ShFE copper fell 1.3% to 70,360 yuan a tonne, zinc declined 1.4% to 22,670 yuan a tonne and lead ... (full story)

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  • Category: Fundamental Analysis