China’s aluminum alloy ingot import and export data in March 2024

Published: Apr 28, 2024 13:37

Source: SMM

Save

Driven by optimism over prices and orders, traders placed many new import orders in January, and these cargoes arrived in March.

Driven by optimism over prices and orders, traders placed many new import orders in January, and these cargoes arrived in March. US and UK sanctions on Russian metals bolstered LME aluminum prices in April, thereby lifting overseas aluminum alloy prices to above $2,400/mt. This caused import loss to expand to 700 yuan/mt, thus aluminum alloy ingot imports may decline.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 mins ago

Off-Season Demand Hard to Improve; Aluminum Alloy Prices Mainly Move Sideways [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Off-Season Demand Hard to Improve, Aluminum Alloy Prices Mainly Move Sideways] The ADC12 market sees coexistence of price adjustments, following rises, and a wait-and-see attitude. The price rise lacks effective support from the demand side, and the market continues to consolidate in the short term.

4 mins ago

15 hours ago

SHFE Cast Aluminum Alloy Warrants Down 510 mt to 22,727 mt on July 8

[SMM Flash] SHFE data showed that on July 8, total registered cast aluminum alloy warrants stood at 22,727 mt, down 510 mt from the previous trading day. Breakdown by region: Shanghai (2,187 mt, down 59 mt), Guangdong (3,477 mt, down 273 mt), Jiangsu (4,497 mt, down 119 mt), Zhejiang (7,422 mt, down 30 mt), Chongqing (4,359 mt, down 29 mt), and Sichuan (785 mt, unchanged).

15 hours ago

SHFE Aluminum Rises Amid Position Reductions, Short-Term Recovery; Alumina Rebound Limited [SMM Aluminum Briefing]

15 hours ago