04 DECEMBER 2024AlCircle.com
Uptrend seen in China’s aluminium wire and cable export orders likely to offset year-end decline; SMM projects 4% growth
Edited by : Debanjali Sengupta
3 min read
China’s aluminium wire and cable exports recovered in October 2024, marking a month-on-month surge of 53.8 per cent and a year-on-year increase of 13.64 per cent. However, the monthly uptick in October was not enough to counter the sluggish performance throughout the year-to-date, attributed to tight domestic end-user sector demand, particularly from the building and construction sector.
Image Source: Made-in-China
According to the Shanghai Metals Market survey, the export volume in October was 14,300 tonnes versus 9,300 tonnes in September, generating a value of $41.5 million compared to $28.06 million. Thus, the export value also demonstrated M-o-M hike of 47.9 per cent.
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
Mumbai's Metal Fairs: A 3-Day trendsetting extravaganza of innovation, networking, and business
Next articleVietnam's Nam Dinh gets a green signal $90M investment for high-tech aluminium alloy plant
Grow with
AL Circle
