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China’s Exports of Aluminum Semis Shrink in June
Edited by : AL CIRCLE
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According to China Customs, China’s exports of aluminum semis were 300 kt during June, with exports failing to break May’s record high of 340 kt, but still up 55.0% YoY. YTD exports from January to June were 1.52 million mt, up 47.6% YoY. Lower exports of aluminum semis were due mainly to rising SHFE/LME aluminum price ratio, and also indicate that China’s export orders of aluminum semis decreased, and that positive impact on China’s aluminum market fundamentals from exports weakened gradually.
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