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27 SEPTEMBER 2019 AL CIRCLE

China saw M-o-M dip in unwrought aluminium and aluminium products exports in August

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

According to Shanghai Metals Market calculations based on Customs data, China’s exports of unwrought aluminium and aluminium products in August dropped by 4.31 per cent month-on-month to come in at 466,000 tonnes.

China's unwrought aluminium exports

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August saw a high ratio of SHFE aluminium price to its LME counterpart, which squeezed margins on exports. This, along with trade barriers such as anti-dumping duties in some countries, discouraged Chinese aluminium producers from pouring their cargoes to markets overseas.

Previous strong exports, meanwhile, affected near-by demand, with three months earlier this year seeing a monthly export volume of above 510,000 tonnes.

Red Mud Report

In the first eight months, China’s exports of unwrought aluminium and aluminium products thus stood at 3.94 million tonnes, up 5 per cent from the same period last year. This year-on-year growth indicates an improvement in overseas demand.

Tagged with:

China SMM Aluminium Price

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EDITED BY : DEBANJALI SENGUPTA 1MINS READ

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