China’s aluminium imports fell 19% on year in August – customs data
COMMODITIES DATA
China’s aluminium imports fell 19% on year in August – customs data
COMMODITIES DATA

China’s aluminium imports fell 19% on year in August – customs data

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

China’s aluminium imports in August fell 19% to 200,440 tonnes from a year earlier, according to data from the General Administration of Customs, reflecting lowered import appetite amid record-high domestic production and tight overseas supply.

The fall in imports came as supply jitters at home eased thanks to this year’s production ramp-up as power restrictions that curtailed domestic production were relaxed. T

China produced 3.51 million tonnes of aluminium in August, a record for a single month, following a prior record set in July. This contrasted with growing cuts by European aluminium producers as rising energy costs have made production of the electricity-intensive metal uneconomic. The continuing closure of an arbitrage window between the markets in Shanghai and London also led to a yearly fall in imports.

Total imports in the first eight months were 1.48 million tonnes, down 27% from the same period a year ago.