December uptick in aluminum exports unlikely to last: analysts
Jan 27, 2009 | 10:33 AM
| Tom Jennemann
Chinese exports of aluminum and aluminum alloys more than doubled in December from the previous month, but the upward shift isn't likely to last long, given the recent Shanghai Futures Exchange (SHFE) premium to the London Metal Exchange price, analysts said.
Aluminum exports jumped to 77,422 tonnes from 30,395 tonnes in November, according to preliminary Chinese trade data, while imports climbed 58.9 percent to 26,085 tonnes from 16,414 tonnes in the same comparison, resulting in net exports of 51,377 tonnes last month, more than triple net exports of 13,981 tonnes in November.....
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