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14 AUGUST 2019 AL CIRCLE

China’s aluminium (unwrought and products) exports dip 6% YoY in July

EDITED BY : HEENA IQBAL 1MINS READ

China’s exports of unwrought aluminium and aluminium products dipped 6.17% year-on-year in July, according to China customs data released on August 8.

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China exported a total of 487,000 tonnes of unwrought aluminium and aluminium products last month. Aluminium exports declined by 3.8 per cent month-on-month, customs data showed. China had exported 506,000 tonnes in June, down 30,000 tonnes from May.

Total exports stood 7.2% higher in the first seven months of 2019. Unwrought aluminium and aluminium products export reached 3.47 million tonnes in the mentioned period.

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The YoY decline in export was due to the high price ratio of SHFE aluminium to its LME counterpart, the recovery of the Chinese yuan from June, and front-loading in May-June. A weaker yuan could help to boost aluminium exports this month.

Tagged with:

Aluminium China

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EDITED BY : HEENA IQBAL 1MINS READ

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