China Primary Aluminum Import to Continue Growing in Aug.-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Nickel
  • MMi Iron Ore Port Index
  • Inventory data
  • Rare earths
  • Futures movement
  • Evening comments
  • Aluminium
  • Stainless steel spot
  • Morning comments
  • Copper
  • price
  • Sales data
  • SMM brief review
  • Operating rates

China Primary Aluminum Import to Continue Growing in Aug.

Data Analysis 02:38:14PM Sep 01, 2015 Source:SMM

SHANGHAI, Sept. 1 (SMM) –China imported 15,538 mt of primary aluminum in July, up 118.72% MoM and 10.24% YoY, customs data showed. 

YTD imports through July totaled 69,365 mt, down 71.25% YoY. 

Aluminum premiums in Asia held between USD 100-120/mt. The SHFE/LME aluminum price ratio climbed from 7.0 in May to 7.4-7.5 in June, favorable for imports. The price ratio continued rising in July and August, hitting 7.8 at one point. This will further boost primary aluminum imports.   


Price

more
1# Zinc
Nov.19
18400.0
-10.0
(-0.05%)
0# Zinc
Nov.19
18470.0
-10.0
(-0.05%)
T/C for Domestic Zinc Concentrate
Nov.01
6275.0
-50.0
(-0.79%)
T/C for Imported Zinc Concentrate
Nov.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak5/ZX03)
Nov.19
19670.0
-10.0
(-0.05%)

China Primary Aluminum Import to Continue Growing in Aug.

Data Analysis 02:38:14PM Sep 01, 2015 Source:SMM

SHANGHAI, Sept. 1 (SMM) –China imported 15,538 mt of primary aluminum in July, up 118.72% MoM and 10.24% YoY, customs data showed. 

YTD imports through July totaled 69,365 mt, down 71.25% YoY. 

Aluminum premiums in Asia held between USD 100-120/mt. The SHFE/LME aluminum price ratio climbed from 7.0 in May to 7.4-7.5 in June, favorable for imports. The price ratio continued rising in July and August, hitting 7.8 at one point. This will further boost primary aluminum imports.