WEEKLY: China's Al prices lose ground as supply rises

Primary aluminum prices in China slid for the second consecutive week during June 29-July 6 as production of the light metal is rising steadily, while demand for it continues to wane, market sources observed.

As of July 6, China's national average price of 99.7% primary aluminum had lost Yuan 255/tonne ($35.2/t) on week to hit a more than one-month low of Yuan 18,288/t including the 13% VAT, according to Mysteel's assessment. With supplies of hydro-electric power gradually picking up in Southwest China's Yunnan province,