China alumina imports jump after de-stocking

Dec 15, 2005 | 09:52 AM |

China's alumina imports soared 63.3 percent to 680,000 tonnes in November from 416,483 tonnes the previous month, according to preliminary Chinese Customs data, pushing the 11-month total to 6.44 million tonnes, up 18.4 percent from a year earlier.

The November import jump followed heavy de-stocking of alumina during the first 10 months of the year, Macquarie Research analysts said in a report. The resumption of buying in November appeared to be a major catalyst behind the jump in spot alumina prices to around $620 a tonne, c.i.f. China, in November, it....

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