04 JULY 2017AlCircle.com
China’s export of aluminium foil estimated to rise in Q2 FY2017-18
Edited by : Heena Iqbal
2 min read
<p>China’s export of light gauge aluminium foils are falling because of anti-dumping duty imposed by India and anti-dumping investigation by the US. The anti- dumping measures on aluminium foils affected the overseas export orders in China. Recently, aluminium processors told SMM that the measures against China have started affecting their export orders.</p>
<p>Aluminium foil in Shandong province has been affected for the first time in recent years. The number of cases involved with anti-dumping and anti-subsidy investigations into aluminium foil from Shandong totalled $140 million during the first five months of 2017.</p>
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<p>Zhejiang Zhongjin Aluminum, manufacturer and exporter of aluminium household foil, is expecting a fall in its exports over 40 per cent in July. Luoyang Longding Aluminum is adjusting product portfolio and now focuses on domestic air-conditioner foil market in order to counter falling exports, reported by an SMM.</p>
<p>The comparative analysis of aluminium foil export by China in the first two quarters of 2016-17 and FY 2017-18 is given below.</p>
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<p>According to the estimated data, China exported an estimated 260009 tonnes of aluminium foils in Q1 2016-17. Compared to that, export is expected to increase to 270976 tonnes in Q1 2017-18. For Q2 2016-17, China exported 252182 tonnes of aluminium foil. Compared to that, export is estimated to increase to 273693 tonnes in Q2 2017-18.</p>
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<p>The value of aluminium foil export by China stood at USD 789.38 million Q1 2016-17. Compared to that, the value of export is estimated to stand at USD 780.31 million in Q1 2017-18. For Q2 2016-17, China’s export value of aluminium foils stood at USD 774.70 million. Compared to that, export value is forecasted to reach 781.49 million tonnes in Q2 2017-18.</p>
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