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30 DECEMBER 2015 AL CIRCLE

China aluminium semis exports likely to lose ground in November

1MINS READ
China's aluminium semis exports soared 40.2% month-on-month in November, but the growth is likely to slowdown in the short term.

The significant increase was mainly driven by aluminium extrusion, whose exports rose 131,600 tonnes to 201,900 tonnes, Chinese customs data showed. Lower SHFE/LME aluminium price ratio, plus export rebate, added to the aluminum extrusion exports buoyancy, observed SMM.

In fact, exports of other aluminium semis declined in November. Exports of aluminium plate/sheet and strip were down 10.4% from October to 113,000 tonnes in November, and exports of aluminium foil also slid 4.4% from October to 72,000 tonnes, according to the data revealed by China Customs.


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