Industry News

China’s unwrought aluminium alloy imports show uptick in Nov’23 for the second month in a row

Views : 66
Update time : 2023-12-29 08:38:23
According to China customs data, the country’s unwrought aluminium alloy imports in November 2023 experienced a month-on-month rise of 2.6 per cent and a year-on-year increase of 5.6 per cent to reach 111,800 tonnes. That brought the total year-to-date imports to 1.0196 million tonnes, which was down by 14 per cent Y-o-Y.
China’s unwrought aluminium alloy imports in November marked a consecutive rise for the second month as the imports in October grew 17.5 per cent month-on-month and 9.2 per cent year-on-year, reaching 108,900 tonnes.

The top five import sources in November were Malaysia, Thailand, Vietnam, South Korea, and Russia. Malaysia accounted for 41.8 per cent of China’s unwrought aluminium alloy imports, exporting 46,700 tonnes, followed by Thailand’s exports of 12,800 tonnes, accounting for 11.4 per cent of China’s total imports. Vietnam exported 12,300 tonnes of alloy, accounting for 11 per cent; South Korea exported 7,600 tonnes, accounting for 6.8 per cent; and Russia exported 5,900 tonnes, accounting for 5.2 per cent of China’s imports.

Imports from Thailand and Vietnam increased by 2,700 tonnes month-on-month, while those from Malaysia decreased by 2,900 tonnes. Due to booming automobile consumption in Japan, Malaysia and other countries exported more aluminium alloy ingots to Japan and less to China.

Related News
Read More >>
EMR’s low-carbon aluminium project secures £3.4M funding from APC EMR’s low-carbon aluminium project secures £3.4M funding from APC
Nov .19.2024
EMR’s low-carbon aluminium project secures £3.4M funding from APC
China’s alumina price expands by 22.55% M-o-M, arriving at RMB5646/t; A00 aluminium ingot price adds RMB10/t China’s alumina price expands by 22.55% M-o-M, arriving at RMB5646/t; A00 aluminium ingot price adds RMB10/t
Nov .19.2024
China’s alumina price expands by 22.55% M-o-M, arriving at RMB5646/t; A00 aluminium ingot price adds RMB10/t
Push to safety: Reynaers Aluminium unveils new panic hardware options for its Vision 7 thermal door Push to safety: Reynaers Aluminium unveils new panic hardware options for its Vision 7 thermal door
Nov .19.2024
Push to safety: Reynaers Aluminium unveils new panic hardware options for its Vision 7 thermal door
China’s tax policy reforms propel mining gains; USD strength could pose risks China’s tax policy reforms propel mining gains; USD strength could pose risks
Nov .19.2024
China’s tax policy reforms propel mining gains; USD strength could pose risks