Page 7 - Import Export News Today

SHANGHAI, Sep 13 (SMM) – Sulphuric acid, an essential industrial ingredient, is widely used in numerous sectors, including the production of fertilizers, medicines, explosives, pigments, detergents, and batteries. It also finds use in purifying petroleum, metal smelting, and the dye industry.

Mytilineos Energy & Metals announced the signing of a deal with Imerys, a French firm, to acquire 100 per cent of the shares of Imerys Bauxites Greece Single Member Societe Anonyme for € 10 million euros.

Bingelela Alloy recently inaugurated a new aluminium hub in Richards Bay that will streamline molten aluminium from the nearby Hillside smelter.

According to the Marubeni Corp report on Friday, September 1, aluminium stocks dropped across Japan in July 2023 by 1.9 per cent month-on-month.

US aluminium scrap imports from Canada recovered in May 2023 after a drop in the previous month.

Aluminium is the second largest metal after steel in the world.

SHANGHAI, Aug 30 (SMM) – In July 2023, China's spodumene concentrate imports were about 371,979 mt in physical content (equivalent to about 38,000 mt in LCE equivalent), an increase of 6% MoM and 27% YoY.

Vietnam enjoyed a trade surplus of 20.19 billion USD in the first eight months of this year, according to data released by the General Statistics Office (GSO) on August 29.

The downstream aluminium sector witnessed various events in the week started from August 21, 2023.

According to customs data: In July, China’s export volume of primary aluminium reached 22,700 mt, showing an increase of 200% YoY. From January to July 2023, the total domestic export volume of primary aluminium reached 80,300 mt, showing a decrease of 56% YoY. (The above import and export data is based on HS codes 76011090 and 76011010).