Aluminium Ingot Import Losses Recorded Two-Year High

Published: Feb 21, 2022 14:56

Source: SMM

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According to SMM imported aluminium ingot profit/loss model, the current imports losses of aluminium ingot were nearly to 1,500 yuan/mt, close to the import losses in 2020 when the COVID-19 pandemic broke out in China.

SHANGHAI, Feb 21 (SMM) – According to SMM imported aluminium ingot profit/loss model, the current imports losses of aluminium ingot were nearly to 1,500 yuan/mt, close to the import losses in 2020 when the COVID-19 pandemic broke out in China. At present, with the rising import swap costs, the spot prices of Yangshan copper have been low, and the import window remained closed amid falling SHFE/LME copper price ratio. Hence it is expected that the aluminium ingot imports will be further pressured.

aluminium ingot import

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