06 AUGUST 2014Shanghai Metal Market
China’s aluminum semis exports grow less than expected to 280,000 tonnes in June
Edited by : AL CIRCLE
1 min read
China’s aluminum semis exports did not grow as much as expected in June, Shanghai Metals Market learned.
Outbound shipments rose only 2.9% from a year ago to 280,000 tonnes.
Overseas buyers continued to push for lower prices, squeezing Chinese producer margins. Besides, many processors preferred to maintain stable domestic sales as a hedge against interruptions in exports. Both factors constrained the growth in export volumes, SMM understood.
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