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China alumina imports fell 55% y/y in March
Edited by : AL CIRCLE
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China's alumina imports fell by 55% y/y to 195Kt in March (down 45% m/m), but total Q1 imports of 1Mt were only 11% lower than last year, according to Barclays report.
China also imported 19Kt of primary aluminium in March, down by 70% y/y from last year’s high base. Imports have rebounded from 8.7Kt in February as arb reopened in late March.
Semis exports rose to 250Kt in March while imports held steady at 44Kt. As China became increasingly oversupplied but primary exports are subject to a high tariff, smelters may seek to export semis. So far, however, exports have risen only by 4% y/y in Q1.
China also imported 19Kt of primary aluminium in March, down by 70% y/y from last year’s high base. Imports have rebounded from 8.7Kt in February as arb reopened in late March.
Semis exports rose to 250Kt in March while imports held steady at 44Kt. As China became increasingly oversupplied but primary exports are subject to a high tariff, smelters may seek to export semis. So far, however, exports have risen only by 4% y/y in Q1.
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