China’s imports of aluminium scrap up 21.6% MoM in April
According to the latest data released by the General Administration of Customs, China’s imports of aluminium scrap came in at 153,000 tonnes in April. Imports increased by 21.6 per cent from 126,000 tonnes in March.
Aluminium scrap imports scrap expanded in April, bolstered by greater imports through general trade after prices of European materials dropped sharply, as updated by Shanghai Metals Market.
China’s imports of aluminium scrap registered a growth of 21.6 per cent year-on-year, when the levy of 25 per cent on US materials took effect.
Imports through general trade increased 37.4 per cent to 102,000 tonnes in April, the highest in 13 months. This was up 29.1 per cent YoY. While imports through processing trade declined 7.2 per cent year-on-year to 51,000 tonnes.
Aluminium scrap imports in China are expected to drop this month, in view of narrower price spreads between markets domestically and overseas after domestic prices declined.
US exports of aluminium scrap up 17% YoY in three-month period
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