Aluminium Industry News, December 11, 2018

- Dec 12, 2018-

(1) The total number of imported aluminum scraps for the restricted batches of batches 1-25 was 18,526 tons, a year-on-year decrease of 98.31%.

(2) According to data released by the US Department of Commerce on Thursday, the US imports of unalloyed aluminum in October were 117,700 tons, down from 133,700 tons in September, and imports totaled 1,630,100 tons in the first 10 months of this year. At present, Shanghai Aluminum's fundamentals are weak. On the one hand, there is no news of new production reduction. Under the pressure of high inventory, the previous production capacity reduction has limited impact on aluminum prices. On the other hand, aluminum production reduction has led to demand for upstream alumina. Declining, the price of alumina and anodes is lowered, which reduces the production cost of primary aluminum and reduces the willingness of aluminum enterprises to reduce production to a certain extent.