China Primary Aluminum Imports to Rebound in June After 71.98% YoY in May

Published: Jun 30, 2015 10:57

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China imported 6,738 mt of primary aluminum in May, down 71.98% YoY, customs data showed.

SHANGHAI, Jun. 30 (SMM) –China imported 6,738 mt of primary aluminum in May, down 71.98% YoY, customs data showed. Imports totaled 46,723 mt January-May, plunging 78.01% YoY. The SHFE/LME aluminum price ratio slid from 7.5 in early April to 7.0 in early May, unfavorable for imports.

However, imports might rebound in June as the SHFE/LME aluminum price ratio has been rising since May and overseas aluminum premiums fell sharply.

China primary aluminum imports China primary aluminum imports May 2015

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