Aluminum advances after China's trade surplus expands to record

Bloomberg reported that aluminum climbed for the second time in three days while the trade surplus in China, the biggest consumer of industrial metals, grew to a record as exports rose.

The Beijing based customs administration said that the metal in London advanced as much as 0.3% to USD 2,100 per tonne. China’s exports in August increased 9.4% from a year earlier beating with the 9%. Imports unexpectedly dropped 2.4% leaving a trade surplus of USD 49.8 billion.

Mr Kazuhiko Saito, an analyst at Fujitomi Company said that “China’s better than expected trade surplus and exports data eased concern over a slowdown in the country’s growth, providing support for metals.”

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.