01 APRIL 2016AlCircle.com
China semis exports still down; aluminium alloy wheel exports grew 21% YoY in Feb
Edited by : AL CIRCLE
1 min read
China aluminium semis exports shrunk in February and the trend is expected to continue in March as well. General Customs data showed that the country exported 260,000 metric tons of semis, which is down 34.1 per cent year-on-year and down from January’s total of 330,000 metric tons.
The SHFE/LME aluminium price ratio, which rose above 7.6 in the month of March, is expected to continue to limit the export of semis.
Chinese traders that spoke to SMM expect to cut exports due to the less-than-favorable price ratio. The unfavorability has yet to affect the larger aluminium processors, as they tend to operate on long-term contracts.
Aluminium alloy wheel
China’s aluminium alloy wheel exports grew markedly in February in both volume and value.
The country exported 55,500 tonnes of aluminium alloy wheel in February, or $282 million, up 20.7 per cent and 24.8 per cent, respectively, from a year ago, according to the Wheel Committee of the China Association of Automobile Manufacturers (CAAM).
The US was the top export destination –55.05 per cent of China’s total export value, during the January-February period, followed by Japan and Mexico.
The SHFE/LME aluminium price ratio, which rose above 7.6 in the month of March, is expected to continue to limit the export of semis.
Chinese traders that spoke to SMM expect to cut exports due to the less-than-favorable price ratio. The unfavorability has yet to affect the larger aluminium processors, as they tend to operate on long-term contracts.
Aluminium alloy wheel
China’s aluminium alloy wheel exports grew markedly in February in both volume and value.
The country exported 55,500 tonnes of aluminium alloy wheel in February, or $282 million, up 20.7 per cent and 24.8 per cent, respectively, from a year ago, according to the Wheel Committee of the China Association of Automobile Manufacturers (CAAM).
The US was the top export destination –55.05 per cent of China’s total export value, during the January-February period, followed by Japan and Mexico.
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
Continuous Homogenising Plant successfully commissioned at Hindalco
Next articleSachin Satpute appointed as SVP Novelis Inc. and President Novelis Asia
Grow with
AL Circle
