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MYSTEEL: China's Al prices drop, supply loosens further

ABSTRACT

Domestic prices of primary aluminum in China fell during June 21-28, reflecting bearish market sentiment fuelled by concerns about demand. Meanwhile, domestic aluminum supply increased some more, market sources observed.
By June 28, the country's national price of 99.7% primary aluminum ingot under Mysteel's assessment had eased to Yuan 19,270/tonne ($2,872.6/t) including 13% VAT, down by Yuan 650/t or 3.3% on week.   In the futures market on the same day, the most-traded aluminum contract on the Shanghai Futures Exchange (SHFE) for

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