Fri, 08 Dec 2023

BEIJING, China: Due to mounting domestic supplies and the low demand amidst the repercussions of COVID-10, in November Chinese aluminum imports fell 35.7 percent from one year earlier.

According to data from the General Administration of Customs, China imported 255,744 tons of light metal, including primary metal and unwrought, alloyed aluminum.

The latest November output number also showed a ninth consecutive increase in imports, to 3.41 million tons, as smelters in the world's top aluminum maker ramped up their production amid easing power restrictions on industrial users this year.

For the first 11 months of 2022, China produced 36.77 million tons of aluminum, up 3.9 percent from the same period in 2021.

However, as factory output slowed and retail sales continued to decline, both not meeting forecasts, China's economy lost more momentum in November.

Beijing's efforts to revive the troubled property sector and easing COVID restrictions have increased demand for industrial metals.

Import volume in November recorded a rise of 30.2 percent from 196,460 tons in October, while imports in the first 11 months of the year totaled 2.13 million tons, down 28.2 percent from the same period last year.

November imports of bauxite, the main source of aluminum ore, was 11.79 million tons last month, up 31.3 percent from October's 8.98 million tons and up 53.6 percent from 7.7 million in November 2021.

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