China¡¯s aluminum imports slump to 14,700 tonnes in June on rising aluminum premiums

China’s aluminum imports fell to 14,700 tonnes in June on rising aluminum premiums, Shanghai Metals Market learned.

The 20.02% year-on-year and 38.92% month-on-month slump was largely the consequence of continuously rising aluminum premiums in international market. Aluminum premiums hit more than $ 380 per tonne and added to import costs of Chinese buyers, overshadowing the higher SHFE/LME aluminum price ratio.

Inbound shipments during H1 amounted to 227,200 tonnes, surging 128.47% from a year ago, though.

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