25 AUGUST 2011shanghai metal market
China Primary Aluminum Imports Seen Rising on Prices
Edited by : AL CIRCLE
1 min read
China's imports of primary aluminum may increase in August as demand from fabricators in the southern Guangdong province rises because of steady Chinese prices, traders said on Tuesday.
Increased demand from China, the world's top consumer and producer of aluminum, has driven up premiums for spot aluminum imports about 20 percent this month.
Some international trading houses expecting China's imports of primary aluminum to rise in the coming months are trying to secure more metal from producers, which could push up term premiums in Asia for October-December delivery, traders said.
Increased demand from China, the world's top consumer and producer of aluminum, has driven up premiums for spot aluminum imports about 20 percent this month.
Some international trading houses expecting China's imports of primary aluminum to rise in the coming months are trying to secure more metal from producers, which could push up term premiums in Asia for October-December delivery, traders said.
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