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SMM China Al Imports Data Analysis June 2011

iconAug 1, 2011 13:30
Source:SMM
According to China Customs, China imported 3.49 million mt of bauxite during June, down over 1 million mt, or 22.45%, compared with May’s 4.50 million mt.

SHANGHAI, Aug. 1 (SMM) --
Bauxite:
According to China Customs, China imported 3.49 million mt of bauxite during June, down over 1 million mt, or 22.45%, compared with May’s 4.50 million mt. All June imports were from Indonesia and Australia, with 2.75 million mt from Indonesia, down 21.04% from May, and 742 kt from Australia, also down 23.93% from May. This was the first month in 2011 only two countries supplied bauxite to China, but imports in June were still up 18.27% YoY.

Alumina:
Customs data shows China’s alumina imports fell again to 72.2 kt during June, down 49.36% YoY, and with YTD imports from January to June down 56.73% YoY. Current overseas alumina spot prices were down slightly, but domestic alumina prices were up sharply, so SMM predicts China’s imports of alumina will increase during 2H 2011. 

Aluminum Al
China Customs GAC

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