30 DECEMBER 2014Shanghai Metal Market
China primary aluminum imports plunge 87.19% YoY in Nov. 2014
Edited by : AL CIRCLE
1 min read
China’s primary aluminum imports dived 87.19% on the year in November 2014, due to unfavorable SHFE/LME arbitrage and rising premiums overseas, Shanghai Metals Market understands.
Inbound shipments were 4,904 tonnes in November, and imports from January through November totaled 265,800 tonnes, also down 10.01% from a year ago, customs data showed.
Primary aluminum flows into China partly through re-export and partly under tolling trade. Falling margins have sent import volumes under tolling trade down this year.
Inbound shipments were 4,904 tonnes in November, and imports from January through November totaled 265,800 tonnes, also down 10.01% from a year ago, customs data showed.
Primary aluminum flows into China partly through re-export and partly under tolling trade. Falling margins have sent import volumes under tolling trade down this year.
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