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

Published: Apr 28, 2024 13:37

Source: SMM

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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.

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