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27 APRIL 2018 AL CIRCLE

China's March aluminium scrap imports drop 6% YoY; might drop further on US-China trade war

EDITED BY : HEENA IQBAL 2MINS READ

As per recent export-import data released by General Customs Administration of China, total aluminium scrap imports by the country dropped by 5.59 per cent YoY reaching 176,814 tonnes in March 2018. In January-March period, China’s import of aluminium scrap fell 7.58 per cent year-on year to 486,512 tonnes.

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Source: www.metal.com (Unit: tonnes)

China’s import of aluminium scrap is expected to decline further because of the newly-imposed tariff on aluminium.   The secondary aluminium industry is being hit hard by tight raw material supply and sluggish demand after the US-China trade war. The country has recently stopped sourcing aluminium scrap from the US for its domestic consumption.

The US remained the top aluminium scrap exporter to China followed by Hong Kong, Thailand, Australia, the UK, Philippines, Canada, and Belgium.  The US exported 44,624 tonnes of aluminium scrap to China in March, up 2 per cent from the same period previous year. The US shipped 137,161 tonnes of aluminium scrap in the first three months of 2018, down 4 per cent from the previous year.

China exported 123 tonnes of aluminium scrap to Japan in March, down 136 per cent from the same period of previous year. During January-February period, total export stood at 243 tonnes, down 43 per cent YoY.


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EDITED BY : HEENA IQBAL 2MINS READ

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