China’s Aluminum Imports Slump to 14,700 Tonnes in June on Rising Aluminum Premiums-Shanghai Metals Market

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China’s Aluminum Imports Slump to 14,700 Tonnes in June on Rising Aluminum Premiums

Data Analysis 03:22:55PM Aug 05, 2014 Source:SMM
SHANGHAI, Aug. 5 (SMM) – China’s aluminum imports fell to 14,700 tonnes in June on rising aluminum premiums, Shanghai Metals Market learned. 
 
The 20.02% year-on-year and 38.92% month-on-month slump was largely the consequence of continuously rising aluminum premiums in international market. Aluminum premiums hit more than $ 380 per tonne and added to import costs of Chinese buyers, overshadowing the higher SHFE/LME aluminum price ratio. 
 
Inbound shipments during H1 amounted to 227,200 tonnes, surging 128.47% from a year ago, though.  
 

China’s Aluminum Imports Slump to 14,700 Tonnes in June on Rising Aluminum Premiums

Data Analysis 03:22:55PM Aug 05, 2014 Source:SMM
SHANGHAI, Aug. 5 (SMM) – China’s aluminum imports fell to 14,700 tonnes in June on rising aluminum premiums, Shanghai Metals Market learned. 
 
The 20.02% year-on-year and 38.92% month-on-month slump was largely the consequence of continuously rising aluminum premiums in international market. Aluminum premiums hit more than $ 380 per tonne and added to import costs of Chinese buyers, overshadowing the higher SHFE/LME aluminum price ratio. 
 
Inbound shipments during H1 amounted to 227,200 tonnes, surging 128.47% from a year ago, though.