Home Scrap Metal Prices Price Regions US Scrap Metal Prices China Scrap Metal Prices India Scrap Metal Prices Europe Scrap Metal Prices Aluminum ScrapBrass/BronzeCopper ScrapCupro-NickelElectronics ScrapLead ScrapScrap Gold Prices (Hallmarked)Scrap Gold Prices (Non-Hallmarked)Stainless SteelSteelMarket News
China's August aluminium imports fall 19% on-year as domestic output rises
Published by
ScrapPrices
Published on September 19,2022 08:00 AM Metals
China's aluminium imports in August dropped 19% from a year earlier, customs data showed on Sunday, reflecting lowered import appetite amid record-high domestic production and tight overseas supply.

BEIJING, Sept 18 (Reuters) - China's aluminium imports in August dropped 19% from a year earlier, customs data showed on Sunday, reflecting lowered import appetite amid record-high domestic production and tight overseas supply.

The country brought in 200,440 tonnes of unwrought aluminium and products, including primary metal and unwrought, alloyed aluminium last month, according to data from the General Administration of Customs.

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. The power restrictions have also boosted demand for imported material.

China, the world's biggest producer and consumer of the light metal, made 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.

Imports of bauxite, the main source of aluminium ore, were 10.75 million tonnes last month, up 24.2% from July's 10.59 million tonnes, and compared with 8.7 million in August a year earlier, according to the data.

MORE METALS NEWS
May 07,2024 08:00 AM
Tesla (TSLA.O), opens new tab supplier Piedmont Lithium (PLL.O), opens new tab has officially obtained a North Carolina state mining permit after posting a $1 million reclamation bond to develop an open-pit mine that would become one of the largest U.S. sources of the key battery metal.
May 03,2024 09:00 AM
The US Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite.
May 02,2024 07:00 AM
Belgium's Nyrstar (NYR.BR), opens new tab is reactivating the Budel zinc smelter in the Netherlands after a four-month period of care and maintenance.