05 NOVEMBER 2014Shanghai Metal Market
China alumina imports fall to 344,400 mt in Sept. 2014
Edited by : AL CIRCLE
1 min read
China imported 344,400 mt of alumina in September, down 23.58% YoY and 1.71% MoM, customs data showed. The MoM decline was because rising alumina prices depressed Chinese aluminum smelters’ appetite for imported alumina. The FOB price of Australian alumina rose 10% from USD 320/mt in late August to USD 352/mt in late September.
YTD imports through September surged 58.39% YoY to 3.92 million mt. The commissioning of new alumina capacity in China did not keep pace with that of new aluminum capacity in west China. This boosted demand for imported alumina and drove a significant rise in alumina imports for the first three quarters.
Import volumes look set to surpass 5 million mt throughout this year as aluminum smelters will stockpile goods towards the year’s end.
YTD imports through September surged 58.39% YoY to 3.92 million mt. The commissioning of new alumina capacity in China did not keep pace with that of new aluminum capacity in west China. This boosted demand for imported alumina and drove a significant rise in alumina imports for the first three quarters.
Import volumes look set to surpass 5 million mt throughout this year as aluminum smelters will stockpile goods towards the year’s end.
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