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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China Aluminium Imports To Increase In 2024
MNI (MNI (BEIJING)) - China is expected to import 2 million metric tonnes of primary aluminium in 2024, up 45% y/y, driven by growth in Indonesian exports and long-term contracts, Shanghai Metals Market said in a note on Wednesday.
The commodities research firm expects net import volumes of primary aluminium in August to reach 130,000-140,000 mt, up from 111,000 mt seen in July.
During the first half, imports from Russia reached 673,000 mt, up 28.9% y/y, accounting for 49.9% of total imports, SMM noted.
China will see flat 4% copper consumption growth in H2 as fiscal stimulus measures counter the expected 2% demand decline driven by the property-market slump, local analysts have told MNI. (See MNI: China Copper Demand To Hold Flat At 4% In H2)
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.