East China Aluminum Prices Down on Growing Supply (Jul. 13, 2015)

SHANGHAI, Jul. 13 (SMM) – Aluminum prices were mainly between RMB 12,280-12,290/mt in Shanghai, discounts of RMB 10-0/mt over July aluminum on the SHFE, RMB 12,280-12,290/mt in Wuxi and RMB 12,300-12,310/mt in Hangzhou. More sellers became willing to sell after spot discounts narrowed to near zero. But downstream buyers mostly watched from the sidelines. This caused traded prices to fall.