[Al Price] East China Aluminum Prices Stabilize, Demand Slack (Aug. 5, 2015)

SHANGHAI, Aug. 5 (SMM) – Aluminum prices were mainly between RMB 11,960-11,970/mt in Shanghai on Wednesday, discounts of RMB 40-30/mt over August aluminum on the SHFE, versus RMB 11,930-11,960/mt in Wuxi and RMB 11,960-11,970/mt in Hangzhou. Downstream consumption was sluggish. Prices in Shanghai and Hangzhou held stable, those in Wuxi slipped RMB 10/mt. Ample supply prevented prices from rising.