Data shows a tumble in aluminium foil export by China in H2 2017

China is the top exporter of aluminium foil in the world.  The export orders can be customised here according to the client’s requirement which makes it convenient for end users to import aluminium foils from the country.

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China’s Shenhuo Group is all set to build aluminium foil project in Henan province. The company inked an agreement with Shangqiu Urban-Rural Integration Demonstration Zone Management on August 17 for the development of a high-end aluminium foil project, SMM reported.

The plant will manufacture high-end light gauge aluminium foil with a designed annual capacity of 100,000 tonnes.  The project involves an investment of 3.6 billion.

China’s exports of aluminium foils are expected to slightly drop in the second half of 2017.The countervailing duties on aluminium foil imposed by the USA may affect the export orders.

According to the estimated figures, China exported an estimated 539801 tonnes of aluminium foil in the first half of 2017, from 503025 tonnes in the first half of 2016. In H2 2017, the country is estimated to export 534887 tonnes of aluminium foil, from 485151tonnes in the corresponding period previous year.

China generated revenue of US$ 1.62 billion from the export of aluminium foil in H1 2017, from US$ 1.51 billion in H1 2016.  In H2 2017, the revenue is estimated to stand at US$ 1.53 billion, from US$ 1.50 billion in the corresponding period previous year.

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USA, Canada and Germany imports substantial amount of aluminium foil from the country. According to the recent statistics, the USA imported about 170803 tonnes of aluminium foil in 2016.