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

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

Price Review & Forecast 04:03:54PM Aug 19, 2015 Source:SMM

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. 


 


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

Price Review & Forecast 04:03:54PM Aug 19, 2015 Source:SMM

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.