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

iconJun 30, 2015 10:57
Source:SMM
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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