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East China Aluminum Prices Continue Falling, Spot Discounts Widen (Aug. 19, 2015)

Published: Aug 19, 2015 16:03
SHFE 1509 aluminum fell to as low as RMB 11,885/mt as Chinese A-share market hit new lows.

SHANGHAI, Aug. 19 (SMM) – SHFE 1509 aluminum fell to as low as RMB 11,885/mt as Chinese A-share market hit new lows. This dragged down prices in east China spot market. Aluminum prices were mainly between RMB 11,830-11,840/mt in Shanghai on Wednesday, discounts of RMB 60-70/mt, versus RMB 11,830-11,840/mt in Wuxi and RMB 11,830-11,850/mt in Hangzhou. Sellers panicked after SHFE aluminum tumbled. Downstream producers bought only as needed. 


 


Al priceShanghai aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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