Import of Russian aluminum to China is problematic due to the jump in world prices

Chinese consumers are temporarily avoiding purchases of Russian aluminum. 

As a result of the sanctions imposed on Russian aluminum and other metals by the UK and US exchanges, metal sales to China, the largest consumer of aluminum in the world, increased. However, currently high world prices have made imports too expensive for China.

Buyers are not willing to pay high prices, and sellers do not want to offer big discounts to China. Meanwhile, demand in other Asian countries remains relatively stable. 

At the same time, it is worth noting that the visit of Russian President Vladimir Putin to China led to an increase in shares of the largest Russian aluminum producer – United Co. Rusal International PJSC by 6.4% at auction in Hong Kong. This indicates a positive attitude of investors regarding the future prospects of cooperation with China for Russian manufacturers.