02 SEPTEMBER 2015metal.com
China primary aluminium import to continue growing in August
Edited by : AL CIRCLE
1 min read
China imported 15,538 mt of primary aluminum in July, up 118.72% MoM and 10.24% YoY, customs data showed.
Year to date imports through July totaled 69,365 mt, down 71.25% YoY.
Aluminum premiums in Asia held between USD 100-120/mt. The SHFE/LME aluminum price ratio climbed from 7.0 in May to 7.4-7.5 in June, favorable for imports. The price ratio continued rising in July and August, hitting 7.8 at one point. This will further boost primary aluminum imports.
Year to date imports through July totaled 69,365 mt, down 71.25% YoY.
Aluminum premiums in Asia held between USD 100-120/mt. The SHFE/LME aluminum price ratio climbed from 7.0 in May to 7.4-7.5 in June, favorable for imports. The price ratio continued rising in July and August, hitting 7.8 at one point. This will further boost primary aluminum imports.
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