China Primary Aluminum Imports Fall in December 2015

SHANGHAI, Feb. 3 (SMM) –China imported 4,500 mt of primary aluminum in December 2015, down from 11,700 mt in November, Customs data showed. The decline was partly due to yuan’s depreciation. Besides, orders under tolling trade dropped because of Christmas holiday, another reason behind lower imports. 

Some Chinese aluminum processors said orders under tolling trade recovered in January. However, yuan’s depreciation will continue dampening import demand. As such, China’s primary aluminum imports are expected to remain low in January.