09 JUNE 2016Shanghai Metals Market
China reports fall in exports of unwrought aluminium and aluminium semis in April
Edited by : AL CIRCLE
1 min read
Customs data showed China exported 400,000 mt of unwrought aluminium and aluminium semis in April, down 20,000 mt MoM and 7 per cent YoY. YTD exports through April totaled 1.48 million mt, down 10.0 per cent YoY.
Rising SHFE/LME aluminium price ratio cut export profit, leading to declines in export volumes. But the decline was limited, due to two reasons. First, some exporters were still willing to take export orders so as to maintain customer relationship. Second, yuan’s exchange rate against the US dollar still brought profit for exporters.
Rising SHFE/LME aluminium price ratio cut export profit, leading to declines in export volumes. But the decline was limited, due to two reasons. First, some exporters were still willing to take export orders so as to maintain customer relationship. Second, yuan’s exchange rate against the US dollar still brought profit for exporters.
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
Sapa and Norsk Hydro agree to new supply contract
Next articleU.S. scientists develop aluminium alloy that fosters domestic rare earth production
Grow with
AL Circle
