[Al Price] East China Aluminum Prices Down, Downstream Buying Tepid (Jul. 30, 2015)

SHANGHAI, Jul. 30 (SMM) – Aluminum prices were mainly between RMB 12,130-12,140/mt in Shanghai on Thursday, discounts of RMB 80-90/mt over August aluminum on the SHFE, versus RMB 12,120-12,140/mt in Wuxi and RMB 12,140-12,150/mt in Hangzhou. Some sellers rushed to sell due to high inventories on hand. Downstream consumption was sluggish. Trading was contributed largely by traders.