29 JUNE 2016Shanghai Metals Market
China aluminium semis exports to fall in June, SMM expects
Edited by : AL CIRCLE
1 min read
China’s aluminium semis exports rose in May, but the growth will be unsustainable in June, SMM predicts.
Many Chinese aluminium semis exporters told SMM that they expect exports to drop slightly in June, citing poor overseas demand as the main reason.
Besides, some traders will reduce exports against falling export profit, SMM pointed out.
China’s aluminium semis exports were 370,000 tonnes in May, up from April’s 360,000 tonnes and up 2.9 per cent from a year ago, customs data showed. Exports of aluminium extrusions were down 5 per cent, those of aluminium plate/sheet and strip rose 9 per cent, those of aluminium foil increased 10 per cent, and those of aluminium tube/pipe grew 5 per cent, all on a month-on-month basis.
Many Chinese aluminium semis exporters told SMM that they expect exports to drop slightly in June, citing poor overseas demand as the main reason.
Besides, some traders will reduce exports against falling export profit, SMM pointed out.
China’s aluminium semis exports were 370,000 tonnes in May, up from April’s 360,000 tonnes and up 2.9 per cent from a year ago, customs data showed. Exports of aluminium extrusions were down 5 per cent, those of aluminium plate/sheet and strip rose 9 per cent, those of aluminium foil increased 10 per cent, and those of aluminium tube/pipe grew 5 per cent, all on a month-on-month basis.
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