South Korea Trader said China Aluminum Tube Demanding Stable

Singapore, Jan. 10—News from South Korea said that, China aluminum tube export to South Korea volume is stable, South Korea export aluminum tube instead of aluminum ingot from China, however, China government adjust aluminum tube tariff. China government levy 15%tariff of aluminum ingot has significantly reduce export volume, which has forced South Korea traders to export aluminum tube instead of aluminum ingot from China. Traders said that: “aluminum market has a little panic because lack of China aluminum ingot.” He also said South Korea exported less than 10,000 ton aluminum tube. Western and Russian aluminum ingot spot premium has been risen to 70$ or 60-65$.