China Imports All-Time High Of 31.1 Thousand Metric Tons Of Unwrought Aluminium Alloy In November

China Imports All-Time High Of 31.1 Thousand Metric Tons Of Unwrought Aluminium Alloy In November

Import data released earlier this week showed marked increases in China’s intake of bauxite, alumina, and unwrought aluminium in recent months, mostly reversing declines in prior periods.

According to Shanghai Metals Market, Chinese buyers imported 7.21 million metric tons of HS code 26060000 bauxite in November, good for a month-on-month increase of 11.38 percent. Last month’s total bauxite imports were down by 10.9 percent from last November, however.

November saw no change in the top three exporters of bauxite ore to China, with Australia’s 3.28 million metric tons leading the way, followed by the African nation of Guinea’s total of 1.86 million metric tons, and fellow Asian country Indonesia in third place with 1.5 million metric tons. The top three exporters to China accounted for over 92 percent of the total tonnage of bauxite shipped to Chinese ports last month.

In 2019’s penultimate month China took in 206,800 metric tons of alumina, a drop-off from the prior month’s total of 240,000 metric tons. For the year through November the country received 1.24 million metric tons of alumina, an increase of 167.51 percent over the same period last year.

Factoring in exports of alumina, China’s net total of alumina imported came to 1.01 million metric tons.

SMM reported that Chinese buyers imported an all-time high of 31,100 metric tons of unwrought aluminium alloy last month, which was good for an 86.9 percent increase on the month and 242.1 percent on the year.

Per SMM’s projections, imported unwrought aluminium alloy could reach 40,000 metric tons by this month’s end, ending the year with a total imported tonnage of 190,000 metric tons, an increase on the year of 158.9 percent.