02 SEPTEMBER 2015metal.com
China aluminum semis exports show no positive signs in H2, says SMM
Edited by : AL CIRCLE
1 min read
Shanghai Metals Market(SMM) sees no positive note for China’s aluminum semis exports in H2 2015. One of the drags comes from one large Chinese company listed on the HKEx, who has been accused by overseas institution of engaging in aluminum semis exports in disguised form.
Besides, a high SHE/LME aluminum price ratio will also undermine exports of low- and mid-end products, SMM's aluminum research team said.
China exported 320,000 tonnes of aluminum semis in July, up 0.3% year-on-year, but down 21.95% month-on-month, customs data showed. Extrusion exports plunged from 163,000 tonnes in June to 77,000 tonnes in July, the major drag on overall exports.
Besides, a high SHE/LME aluminum price ratio will also undermine exports of low- and mid-end products, SMM's aluminum research team said.
China exported 320,000 tonnes of aluminum semis in July, up 0.3% year-on-year, but down 21.95% month-on-month, customs data showed. Extrusion exports plunged from 163,000 tonnes in June to 77,000 tonnes in July, the major drag on overall exports.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Vimetco announces interim financial results for H1 2015
Next articleGM to invest $877 million to overhaul Flint, Michigan, truck plant
Grow with
AL Circle
