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China’s Alumina Imports Plunge 90.4% MoM in May on Waning Demand

Author:Site  Source:Original Site  Click to rate:1121  Post time:2014-06-24

Tags: China alumina trade,  SMM data analysis

SHANGHAI, Jun. 24 (SMM) – China’s alumina imports plunged 90.4% to 313,000 tonnes in May due to waning demand, Shanghai Metals Market learned.    Chinese aluminum smelters preferred domestic alumina due to lower prices, curbing appetite for imports, SMM understood.    The imports soared by 56.28% year-on-year, though, and year-to-date imports through May totaled 2.08 million tonnes, up 53.4% year-on-year.

from metal.com

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