Chinese alumina imports hit 16-year low in March; likely to continue the trend
China’s alumina imports hit a record low of 8,145 tonnes in March, down 98 per cent from the same period previous year. SMM reported that non-metallurgical grade alumina accounted for most of the imports in March and the volume of metallurgical grade was zero. SMM believes that tight global supplies and a bigger price gap between Chinese and overseas alumina will drive China to import less and export more.
Data Source: metal.com
Chinese alumina imports dropped 80 per cent from the same period previous year, according to China's customs data. China imported 184,905 tonnes of alumina from the global market in the first three months of 2018.
China’s alumina imports from Japan were up 39 per cent YoY in March 2018. Japan exported 2,531 tonnes of alumina to China. France exported 2,417 tonnes of alumina to the country, up 17 per cent YoY. Other exporting countries were Germany, the US and South Korea.
Total alumina exports by the country declined 36.7 per cent YoY reaching 3,498 tonnes in March. China exported 11,437 tonnes of alumina in three months period, a decrease of 11 per cent from the same period previous year.
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