China’s unwrought aluminium and products imports decline 21% M-o-M to 247,547 tonnes in August 2021
According to the latest data shown by the General Administration of Customs on Saturday, September 18, China imported 247,547 tonnes of unwrought aluminium and aluminium products, which also included primary metal. That was 20.7 per cent lower than 312,086 tonnes in July and down 42.4 per cent from a year ago.
Arrivals of unwrought aluminium and aluminium products to China in August 2021 hit the lowest since May. In August 2020, imports hit the second-highest on price arbitrage made it cheaper for domestic buyers to source overseas metal.
In the remaining of this year, demand of imported aluminium in China is hovering at a high level due to distressed domestic aluminium supply caused by production curbs on smelters and restrictions on electricity usage in several regions.
On the other hand, China’s aluminium exports look less favourable this year as Russia, one of China’s biggest aluminium importers, has imposed a tax of 15 per cent or a minimum of $254 per tonne on China’s aluminium from August.
China’s bauxite imports were down by 15.1 per cent year-on-year and 5.9 per cent month-on-month at 8.7 million tonnes in August.
Grow with
AL Circle
