SHANGHAI, Sep 16 (SMM) – Imports of unwrought aluminium alloy stood at 131,000 mt in June, rising 88.3% from May and surging 754.5% from a year earlier, and totalled 466,500 mt in the first half of 2020, soaring 706.1% from the same period last year, according to the latest customs data.
Orders for imported aluminium alloy rose sharply from late April as its demand surged, and almost all these cargoes arrived in June. However, imports are expected to fall below 100,000 mt in July as orders decreased in June amid concerns about the impact of the Secondary Cast Aluminium Alloy Raw Materials.
China exported 11,100 mt of unwrought aluminium alloy in June, down 31.9% month on month and 78.1% year on year amid the coronavirus pandemic, and exports totalled 103,700 mt in the first half of this year, down 63% from the same period last year. However, exports are expected to rise month on month in July as overseas demand, especially those from Japan, has improved.