China Commerce Department: Light Decline(0.2%) in Aluminum Price

[China Aluminum Network] September 15, aluminum futures price falls to $2,415/ton in LME three months, dropped 1.6% compared with last week. Price fall after rise on international market leads to inland aluminum price slightly drop. Domestic A00 aluminum price dropped 0.2% last week(from September 5th to 11th).

Patrs of China exsit tight power supply, electrolytic aluminum enterprises in Guangxi and Guizhou with electricity rationing and reduction of output, market inventory at a low level and weak supply. Last week, aluminum inventory in Shanghai Futures Exchange reached 111 thousand tons, decreased 5.5% and 25.5% compared with last week and early in August

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