30 DECEMBER 2015Shanghai Metal Market
China primary aluminium imports down 23,200 mt MoM in November
Edited by : AL CIRCLE
1 min read
According to China Customs, China imported 11,700 mt of primary aluminium in November, down 23,200 mt MoM.
The SHFE/LME aluminium price ratio fell back in November. Chinese processors received fewer orders under tolling trade as Christmas holiday was nearing. Yuan’s depreciation weakened Chinese buyers’ purchasing power. All these three negative factors resulted in lower import volumes.
The SHFE/LME aluminium price ratio rebounded in December. Despite a higher price ratio, yuan’s devaluation and Christmas holiday in western countries mean China’s primary aluminum imports will continue falling in December.
The SHFE/LME aluminium price ratio fell back in November. Chinese processors received fewer orders under tolling trade as Christmas holiday was nearing. Yuan’s depreciation weakened Chinese buyers’ purchasing power. All these three negative factors resulted in lower import volumes.
The SHFE/LME aluminium price ratio rebounded in December. Despite a higher price ratio, yuan’s devaluation and Christmas holiday in western countries mean China’s primary aluminum imports will continue falling in December.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
LME aluminium to retest support at $1,420 in three months
Next articleGlobal aluminium price hinges on China production, observe analysts
Grow with
AL Circle
