SHANGHAI, Jul. 6 (SMM) – The People’s Bank of China announced June 5 to reduce the benchmark interest rate to reverse the economic slowdown, denting the market. SHFE aluminum prices fell in the morning and traded prices of spot aluminum in Shanghai were mainly between RMB 15,620-15,670/mt Friday, with spot premiums over the SHFE aluminum prices at RMB 0-50/mt. Traders in spot market lowered quotations along with the falling futures prices, but buyers were not interested in purchasing given the ample supply in the market. Transactions tended to be quiet in general.