China exported 395,400 mt of unwrought aluminium and aluminium semis in August

Tianshan Aluminum issued a performance forecast on the evening of October 14. It is expected that the net profit attributable to the parent company in the first three quarters will be 3.231 billion yuan, a year-on-year increase of 163.54%.

Shanghai base metals traded mixed after opening on Thursday morning, as Fed failed to set a timeline for tapering asset purchase, and COVID-19 pandemic made a comeback. Meanwhile, their counterparts on LME mostly went up.

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

This is a roundup of China's metals weekly inventory as of July 9.

China exported 426,000 mt of unwrought aluminium and aluminium semis in September, up 7.7% month on month and down 2.1% year on year, according to customs data. Exports from January to September totalled 3.56 million mt, down 18.6% from a year ago.

China imported 429,464 mt of unwrought aluminium and aluminium semis in August. Imports rose sharply 724% year on year and 9.8% month on month, the highest since April 2009, according to customs data.

China’s imports of unwrought aluminium and aluminium semis in July exceeded exports for the first time since 2009 as it has successfully contained the coronavirus outbreak earlier than other countries. China imported 391,237 mt of unwrought aluminium and aluminium semis in July, and exported 373,400 mt, according to customs data.  

China's major lithium compounds producer Tianqi Lithium was the top importer of spodumene concentrate in Sep

Exports of refined manganese, which contain unwrought manganese, scrap, and powder, were up 23.07% from Aug

Domestic prices of spot spodumene concentrate are expected to move lower with prices of lithium salts given high inventories