SHANGHAI, Jul 31 (SMM) – Shandong Weiqiao Group, one of the top aluminium producers in China, continued to lower the benchmark purchasing prices for prebaked anode by 50 yuan/mt for August, after it cut prices by the same amount for July. 

The decline brought the purchasing prices for August to 2,995 yuan/mt in cash.

The company raised prices for the first time this year by 100 yuan/mt for June.