Aluminum Scrap Import Volume Increased Largely in November

(China Aluminum Network) The data showed aluminum scrap volume was 240 thousand tons in November in China, compared 200 thousand tons in October increased 20%.

Though aluminum scrap volume increased largely in November, still reduced 14.3% when compared with 280 thousand tons in last year. According to the survey results on orders and operation rate of secondary aluminium enterprises that few enterprises said orders were kept stable, most enterprises said orders were reduced around 30-50%. As the above can figure out global economy decelerated growth leaded to weak operation rate and orders of enterprises, caused declined in aluminum scrap demand.

China is the main aluminum scrap importer, import volume always kept at high level in recent years but with slight growth. By now, aluminum scrap import volume was 2,380 thousand tons from Jan. to Nov., compared 2,410 thousand tons in last year decreased 1.3%. In terms of import situation in this year, import volume in December may hardly growth. It is expected aluminum scrap import volume may kept stable in December, the total volume may decreased slightly when compared with last year.

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