Chinese aluminum imports in October up by 8pct

Chinese aluminum imports increased in October. The imports are down by 7.5% as per the latest report released by China General Administration of Customs. The total imports in October were70729 tonnes as against 65772 tonnes in September. On yearly basis imports were down by 18.3% from 86611 tonnes.

The rise in Aluminum imports in October is majorly due to the fact that the demand for vehicles in the country remained robust in which aluminum is a major contributor.

In 2009, China curbed exports of aluminum by imposing duties on the product. However in 2010 when self sufficiency was achieved China exports showed an increase. This also led to decline in yearly imports figure of China. Total exports of unwrought aluminum and its products stood at 69005 tonnes in October up 25% from 55117 tonnes. In2009, the exports of unwrought aluminum stood at 39571 tonnes.

（Sourced from www.indiainfoline.com）