Unwrought aluminum exports exceeded 600,000 tons with an increase of 190% YoY in October

£¨China Aluminium Network£©: According to the primary figure from General Administration of Customs on November 10th, China unwrought aluminum exports reached 69,005t in October, and the export value reached 1.43853 billion dollars. Total unwrought aluminum export reached 601,789t with an increase of 190 YoY and total export value reached 12.0432 billion dollars with an increase of 263.4% YoY.

US Ministry of Commerce also released report the same day, US September unwrought, non-alloy aluminum imports increased 14% compared with the earlier month.

Marketman thought aluminum demand is good both in China and overseas. Additionally, Chalco increased alumina price by150 Yuan per ton to 2900 Yuan per ton on November 10th. It was much more possible that aluminum price would go high in the future.

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