Aluminum Prices in East China Continue Falling on Tepid Demand (Oct. 15, 2014)

SHANGHAI, Oct. 15 (SMM) – Spot aluminum largely traded at RMB 13,670-13,680/mt in Shanghai and Wuxi on Wednesday, discounts of RMB 30-40/mt over SHFE 1410 aluminum contract, versus RMB 13,680-13,690/mt in Hangzhou. Sellers cut offers to promote sales, but downstream buyers held to the sidelines. Traders did not enter the market to buy goods until SHFE 1410 aluminum contract rebounded near lunchtime.