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DashboardDatabaseProReportsEventsConsultingSHANGHAI, Jul. 2 (SMM) – Inbound and outbound shipments of China’s primary aluminum both grew in May from a year ago, Shanghai Metals Market understood.
Inbound shipments of the material jumped 10.24% year-on-year to 24,000 tonnes in May, China Customs showed. SMM believed these imported goods were probably used for tolling trade, considering the average CIF price at $ 2,026.78 per tonne, which was well above spot aluminum prices in China’s domestic markets.
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