According to statistics from the General Administration of Customs of China, China's imports of unwrought aluminum and aluminum products totaled 1.2 million tons in the first half of this year, rising by 10.7% from the same period a year ago. The increase was mainly due to domestic production being limited by hydropower shortage in Yunnan province and demand expectations.
In June alone, imports totaled around 211,000 tons, a month-on-month hike of 10.2% and a year-on-year increase of 12.8%.
Investors hoped the government could introduce more stimulus measures for economic development growth, further supporting the industry.
China’s aluminum imports rise in Jun on limited domestic supply
18 Jul 2023 16:40 reported by Joy Liu
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