China's aluminium foil exports fall 10.53% YoY in November; unwrought aluminium alloy imports up 242.1%
According to the latest data from China Customs, China's exports of aluminium foil fell 10.53 per cent year-on-year to 102,200 tonnes in November. On a month-on-month comparison, foil exports edged 1.87% higher, with products under HS code 76071190 and 76072000 accounting for the increase.
In the first eleven months of 2019, aluminium foil exports totalled 1.18 million tonnes, an increase of 1 per cent year-on-year. Export increased by 1.79% YoY in the January-October period.
Separately, China’s imports of unwrought aluminium alloy increased by 86.9 per cent month-on-month and 242.1 per cent year-on-year to 31,100 tonnes in November, according to Shanghai Metals Market calculations based on data from China customs. This marked a fresh all-time high.
SMM expects unwrought aluminium alloy imports in China to reach 40,000 tonnes in December and 190,000 for the full year.
Aluminium billet inventories drop by 1,700 tonnes for 11th straight week
Next articleChalco Guizhou commissioned with 20,000 mt/year aluminium bar volume on 6th December
Grow with
AL Circle
