Chinese aluminium imports in June hit nine-month high

China’s aluminium imports surged to a nine-month high in June, as high premiums in south China in late-May attracted inflows of the light metal.

In June, China imported 13,931 tonnes of aluminium, up 96.1% year-on-year.
Attracting the inflows were high spot premiums in south China, with the Nanchu premium peaking at 400 yuan ($61) per tonne on May 16, its highest level since August 24, 2011. 
Yet looking forward, market participants said they expected imports to wane in the coming months, as south China import premiums weakened following a slowdown in Chinese aluminium demand.

“Consumption weakened a lot this month, as summer heat hit China. This...

Published

Linda Lin

July 21, 2016

11:33 GMT

Shanghai