09 MARCH 2016Shanghai Metal Market
Aluminium extrusion becomes biggest drag on China
Edited by : AL CIRCLE
1 min read
China’s aluminium semis exports fell both on year-on-year and month-on-month basis in January, with extrusion being the biggest drag.
Rising SHFE/LME aluminium price ratio and production interruptions around holiday period were to blame for the decline, SMM said.
China exported 330,000 tonnes of aluminium semis in January 2016, down 11.26 per cent from December 2015 and 13.16 per cent from a year ago, according to China Customs. Of them, exports of extrusion plunged 18.01 per cent, those of plate/sheet and strip fell 10.37 per cent, those of foil dropped 4.65 per cent, and those of pipe/tube decreased 2.13 per cent, all on a month-on-month basis.
Rising SHFE/LME aluminium price ratio and production interruptions around holiday period were to blame for the decline, SMM said.
China exported 330,000 tonnes of aluminium semis in January 2016, down 11.26 per cent from December 2015 and 13.16 per cent from a year ago, according to China Customs. Of them, exports of extrusion plunged 18.01 per cent, those of plate/sheet and strip fell 10.37 per cent, those of foil dropped 4.65 per cent, and those of pipe/tube decreased 2.13 per cent, all on a month-on-month basis.
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