
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.

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.
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.
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