Aluminum prices were mainly between RMB 12,030-12,040/mt in Shanghai on Monday, discounts of RMB 50-70/mt over August aluminum on the SHFE.

SMM Base Metals Market Daily Review (2015-7-31)

SHANGHAI, Aug. 3 (SMM) – Aluminum prices were mainly between RMB 12,030-12,040/mt in Shanghai on Monday, discounts of RMB 50-70/mt over August aluminum on the SHFE, versus RMB 12,020-12,040/mt in Wuxi and RMB 12,030-12,040/mt in Hangzhou. Easing liquidity crunch and lower prices lured some downstream buyers to go bargain hunting.&nbsp; &nbsp; &nbsp;