Flash: China's exports of unwrought aluminium, aluminium products down in Feb

On March 17, the transaction of 30,000 mt of alumina was made at $527/mt FOB, which was $2/mt higher than in Indonesia on March 16. The goods will be shipped in late April. The price has risen by 39% from early February, and China’s export window has been expanded to 1,400 yuan/mt.

According to Chinese customs, China imported 2,210.82 mt of silicomanganese in November, down 73.54% MoM, and the exports stood at 7,294.16 mt, up 2.31% MoM and 447.69% YoY.

According to Chinese customs, China imported 2.25 million mt of manganese ore in November, down 12.7% MoM and 25.9% YoY, and the exports stood at 2,900 mt, surging 246.53% MoM.

According to customs data, China's aluminium extrusion exports stood at 74,400 mt in October, down 8% month on month and 4% year on year.

Shanghai base metal fell across the board on Thursday morning amid the sluggish transaction on the last trading day before the National Day long holiday. Meanwhile, their counterparts on LME trended mixed.

Power rationing has been staying in the spotlight of the market for quite some time, but the current massive power rationing policy does not come out of nowhere. Nonetheless, the policy has brought great influences, temporary or far-reaching, to the whole metals industry. Here is a brief and comprehensive summary of the policy and its impacts on individual metals.

Shanghai base metals mostly fell after Fed’s hawkish statements and amid the weakened demand before the China’s National Day holiday. Meanwhile, their counterparts on LME basically fell as well.

Shanghai base metals mostly trended higher on Friday morning amid slumping US dollar and eased market concerns about the default of Evergrande. Meanwhile, their counterparts on LME performed similarly.

SMM data showed that China's social inventories of aluminium across eight consumption areas rose 23,000 mt on the week to 789,000 mt as of September 23.

 This is a roundup of China's metals weekly inventory as of September 17.