Shanghai Metal Market
China primary aluminium imports rise to 34,900 mt in October
Edited by : AL CIRCLE
1 min read
According to China Customs, China imported 34,900 mt of primary aluminium in October, up from September’s 10,600 mt.
The month-on-month growth is driven by a significant growth of imports under tolling trade. Primary aluminium imported under tolling trade came mainly from Iran, New Zealand and Australia. Imports under general trade were a mere 10,000 mt.
aluminium premiums in Japan remained between USD 80-90/mt in October. Overseas institutions see no sharp drop in Japan aluminium premiums in the short term. China will maintain a 17% VAT on primary aluminium imports. These factors will act as constraint on primary aluminium imports.
The month-on-month growth is driven by a significant growth of imports under tolling trade. Primary aluminium imported under tolling trade came mainly from Iran, New Zealand and Australia. Imports under general trade were a mere 10,000 mt.
aluminium premiums in Japan remained between USD 80-90/mt in October. Overseas institutions see no sharp drop in Japan aluminium premiums in the short term. China will maintain a 17% VAT on primary aluminium imports. These factors will act as constraint on primary aluminium imports.
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