Beware of cheater of China aluminum ingot suppliers

Now more and more the world aluminum ingot buyers were cheated by China aluminum ingot suppliers. Their experiences told us that these ingot suppliers cheated their 10%~30% down payments or sent them stone or salt instead of aluminum ingots. An experienced person told us, “asking quote for 99.7% from china is like you are standing on a Bomb”.

Because the aluminum ingot is belong to the raw material, Chinese government want to protect the domestic natural resources, so they increase the export tariff to 30%, also need to pay 17% added-value tax (VAT). Meanwhile, exporting the aluminum ingot need the export quotas from government. Chinese aluminum metallurgy technology is lags behind foreign country. China aluminum ingot price always higher than LME price. Many Chinese aluminum extrusion factories import aluminum ingots from foreign country. If a Chinese aluminum ingot supplier offers you a cheap price ingot, then you need to be careful. Aluminum ingot business is belong to block trade, safety and reliable are very important.

This is original article, edited by Judy Wei.