China’s unwrought aluminium and aluminium products import down 28% in October
According to the General Administration of Customs data, aluminium imports in China declined month-on-month in October as domestic and international prices spread narrows. Imports of unwrought aluminium and aluminium products came in at 256,619 tonnes last month, down 27.9%.
Imports of unwrought aluminium and aluminium products stood at 2.25 million tonnes in the first ten months of 2020. This marked an increase of 383.5% year-on-year.
China’s shipments of these products increased 403.6% year-on-year, customs said. Aluminium exports in October were 418,894 tonnes.
The country has been importing significant amount of the metal in more than a decade in 2020 as Shanghai aluminium prices grow well above London prices. China was a net aluminium importer in July and August - when exports neared 430,000 tonnes - for the first time since 2009.
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