08 DECEMBER 2015Shanghai Metal Market
China aluminium semis exports to rebound slightly in November
Edited by : AL CIRCLE
1 min read
China will see a slight rebound in its aluminium semis exports in November after 6% decline in October, SMM expects.
The average SHFE/LME aluminium price ratio slid further to 6.84 in November. Some export orders are due for fulfillment before Christmas holiday. Both will contribute to the growth in outbound shipments.
Customs data showed that China’s aluminium semis exports fell to 283,000 tonnes in October from 300,000 tonnes in September. SMM attributes the fall to falling overseas orders and anti-dumping against some aluminium products.
Aluminium extrusion exports plummeted 19.4% month-on-month to 70,329 tonnes. Pipe/tube exports dropped 14.6% month-on-month to 8,985 tonnes, and foil exports slipped 4.8% month-on-month to 74,892 tonnes. Exports of plate/sheet and strip, by contrast, inched up 1.2% month-on-month to 126,714 tonnes.
The average SHFE/LME aluminium price ratio slid further to 6.84 in November. Some export orders are due for fulfillment before Christmas holiday. Both will contribute to the growth in outbound shipments.
Customs data showed that China’s aluminium semis exports fell to 283,000 tonnes in October from 300,000 tonnes in September. SMM attributes the fall to falling overseas orders and anti-dumping against some aluminium products.
Aluminium extrusion exports plummeted 19.4% month-on-month to 70,329 tonnes. Pipe/tube exports dropped 14.6% month-on-month to 8,985 tonnes, and foil exports slipped 4.8% month-on-month to 74,892 tonnes. Exports of plate/sheet and strip, by contrast, inched up 1.2% month-on-month to 126,714 tonnes.
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