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SMM Latest Launch: China Scrap Aluminum Industry Chain Analysis 2011
(May 10, 11:58 AM) China's total imports of scrap aluminum stayed high at 2.686 million mt in 2011, though falling 5.9% from a year earlier.
(May 16, 12)
USD/RMB=6.3205
(May 10, 11:58 AM) China's total imports of scrap aluminum stayed high at 2.686 million mt in 2011, though falling 5.9% from a year earlier.
China’s scrap aluminum supply structure will change in the future and the use of aluminum scrap will become more widespread.
As the world’s biggest copper importer and consumer, China’s copper supply & demand of copper market is playing an important role in global copper market.
On macro front, the European debt crisis, expectation of Chinese tightening monetary policies are all negative for nickel prices.
SMM forecasts, China's aluminum output will grow continuously in the future, but the growth will be lower on a monthly basis along with the adjustment of energy structure.
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