China aluminium imports decline 14% y/y, custom data shows
From brecorder.com
China’s import of unwrought aluminium and aluminium products fell 14% in November from a year ago, customs data showed on Thursday. The world’s top metals consumer imported 240,000 metric tons of unwrought aluminium and aluminium products last month, according to the General Administration of Customs. The decline snapped five months of year-on-year import volume growth, signalling softer demand in the top market for the metal, used in transportation, construction and packaging as year-end neared, traders said. Arbitrage incentives also stayed muted, leaving import appetite weak, traders added. In the first 11 months ...
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