China Aluminium Network
China Export 63,825 tons of Aluminum Alloy Ingot in October
Edited by : AL CIRCLE
1 min read
According to China Customs China exported 63,825 tons of aluminum alloy ingots in October,which is an increase of 7.2% compared with September. Analysts agreed that the increasing demand from Japanese clients was the main reason that caused the growth in export.
It is learned that China exported 42 thousand tons of aluminum alloy ingots to Japan in October which was a growth of 20% compared with September.Since enterprises in Japan were urgently in need of casting aluminum alloy that were used in auto parts and domestic appliances,this stimulated those enterprises to import aluminum alloy ingots from China.
Japan is the main importer of Chinese aluminum alloy ingot. Analysts said that with the overall recovery of Japanese enterprises and enhanced production in the second half of year,aluminium alloy ingot export volume increased obviously in China.At the same time, Japanese enterprises are used to adding to stocks at the beginning of each quarter.
In November, China aluminum alloy ingot exports may fall after rise due to the higher aluminum price ratio in domestic.
It is learned that China exported 42 thousand tons of aluminum alloy ingots to Japan in October which was a growth of 20% compared with September.Since enterprises in Japan were urgently in need of casting aluminum alloy that were used in auto parts and domestic appliances,this stimulated those enterprises to import aluminum alloy ingots from China.
Japan is the main importer of Chinese aluminum alloy ingot. Analysts said that with the overall recovery of Japanese enterprises and enhanced production in the second half of year,aluminium alloy ingot export volume increased obviously in China.At the same time, Japanese enterprises are used to adding to stocks at the beginning of each quarter.
In November, China aluminum alloy ingot exports may fall after rise due to the higher aluminum price ratio in domestic.
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