Data from the General Administration of Customs on December 7 showed that China exported 8.005 million tons of steel in November 2023, an increase of 66,000 tons from the previous month and a month-on-month increase of 0.8%; from January to November, the cumulative export of steel was 82.658 million tons, a year-on-year increase of 35.6%.
In November, China imported 614,000 tons of steel, a decrease of 54,000 tons from the previous month, and a month-on-month decrease of 8.1%; from January to November, China imported a total of 6.980 million tons of steel, a year-on-year decrease of 29.2%.
In November, China imported 102.743 million tons of iron ore and its concentrates, an increase of 3.358 million tons from the previous month and a month-on-month increase of 3.4%; from January to November, China imported a total of 1,078.418 million tons of iron ore and its concentrates, a year-on-year increase of 6.2%.
In November, China imported 43.506 million tons of coal and lignite, an increase of 7.514 million tons from the previous month, a month-on-month increase of 20.9%; from January to November, China imported a total of 427.139 million tons of coal and lignite, a year-on-year increase of 62.8%.
Aluminum prices have fallen for five consecutive days today, with limited trading volume due to weak demand.
Today, aluminum prices on the London Metal Exchange (LME) declined from recent highs. As of 15:01 Beijing time, the three-month LME aluminum price was quoted at $2,336 per ton, down $14 per ton or 0.57% from the previous trading day’s settlement price. In the Shanghai Futures Exchange (SHFE), the main contract for aluminum (September 2024)