SHANGHAI, Feb. 6 (SMM) --
According to China Customs, China imported 4.58 million mt of bauxite during December 2011, up 48.61% YoY. Total bauxite imports during 2011 were 44.84 million mt, up 49.73% YoY, a record high. SMM believes growing output of alumina using imported bauxite caused total bauxite imports during 2011 to grow. Alumina producers using imported bauxite are mainly located in Shandong, and SMM statistics show Shandong’s alumina output in 2011 grew by over 4 million mt, requiring 12 million mt of imported bauxite.
According to China Customs, China imported 200,900 mt of alumina during December 2011, down 50.84% YoY. Total alumina imports in 2011 were 1.88 million mt, down 56.39% YoY.
According to China Customs, China’s aluminum imports in December soared to 51,000 mt, up 133.3% from November. The SHFE/LME aluminum price ratio increased continuously during 4Q, reflecting the price advantage of imported aluminum ingot and helping creating incentives for domestic enterprises to import primary aluminum.
According to China Customs, China exported 210,000 mt of aluminum semis during December 2011, up 9.8% YoY, but down 8.7% MoM. Exports of aluminum profile were 73,800 mt, up 63.4% YoY, but also down 7,600 mt MoM. Exports of aluminum plate, sheet and strip were 76,900 mt, down 16.2% YoY, and down 6,200 mt MoM, while exports of aluminum foil were 50,700 mt, up 9.2% YoY, but down 1,200 mt MoM. Aluminum semis exported during December was generally ordered in late October or early November when the SHFE/LME aluminum price ratio was climbing, so exports of aluminum semis in December were down.