Primary Aluminium Exports: According to data from the General Administration of Customs, domestic primary aluminium exports in June 2025 were approximately 19,600 tonnes, down 39.5 per cent MoM and up 179.4 per cent YoY. From January to June, the cumulative total of domestic primary aluminium exports was about 86,600 tonnes, up approximately 206.6 per cent YoY.
Net Primary Aluminium Imports: In June 2025, domestic net primary aluminium imports were 172,700 tonnes, down 9.4 per cent M-o-M and up 51.3 per cent Y-o-Y. From January to June, the cumulative total of domestic net primary aluminium imports was about 1.1633 million tonnes, down 2.3 per cent Y-o-Y.
From the perspective of import source countries, the main sources of domestic primary aluminium imports in June 2025 were the Russian Federation, Indonesia, India, Australia, Malaysia, Iran, and other countries and regions. Among them, primary aluminium imports from Russia in June were approximately 162,400 tonnes, down significantly by 22.01 per cent M-o-M, accounting for 84.44 per cent of May's imports. Currently, overseas primary aluminium imports are in a loss-making state, with import losses oscillating around RMB 1,400 per tonne.
Weak overseas demand has stimulated overseas supplies to enter China. However, from the perspective of the spot market, domestic demand has entered the off-season, and aluminium prices remain high, with downstream purchase intentions being poor. Some imported supplies are trading at significant discounts in the spot market but with few transactions. Currently, net primary aluminium imports are mainly for the execution of long-term contracts.
