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China’s aluminium, alumina imports show unexpected surge in April

May 22, 2014 - 07:00 GMT Location: Shanghai

KEYWORDS: China , aluminium , import , alumina , bauxite

China’s aluminium imports were unexpectedly high in April at 35,199 tonnes, with some market participants attributing the figure to financing demand for the light metal.

The imports were up 150.9% year-on-year, the latest customs data showed. "The shipments were more than expected, as high premiums for imports have choked demand," a trader said. The April imports were 14.7% lower than the previous month but above market expectations.  Premiums for imported aluminium ingots have stayed around $370 per tonne in the past few months, resulting in large losses for Chinese importers. Spot deals were scarce. There were possibly two kinds...

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