China exported 118,000 mt of alumina last month, surpassing May’s export of 89,999 mt and marking the highest level since 2002, China Customs data showed.
The exports during May and June, at 208,000 mt, were in line with our expectation. In addition, export orders for alumina were heard to be signed again this month as the export window reopened. This is likely to be reflected in the export data in July to August.
Separately, China imported 50,000 mt of alumina in June, bringing the net export to 68,000 mt last month.