US aluminium scrap exports to Malaysia jump 88% in Q1’20, export in March grows M-o-M after two months of decline
The United States, in the first quarter of 2020 (January-March), exported 73,400 tonnes of aluminium scrap to Malaysia, according to the latest US Geological Survey data. Year-on-year, the export recorded a hike of 88 per cent from 39,100 tonnes.
In March 2020, the country exported 24,400 tonnes of scrap to Malaysia, 8.4 per cent higher than 22,500 tonnes month-on-month. On a yearly basis, the export stood up by 60.52 per cent from 15,200 tonnes. In February, however, the aluminium scrap export from the United States to Malaysia stood down by 15.1 per cent from 26,500 tonnes in January. While in December 2019, the US exported 32,500 tonnes to Malaysia, the export in January experienced a month-on-month decrease of 18.46 per cent.
So, the above data demonstrate the fact that the United States’ aluminium scrap export to Malaysia saw a hike in March 2020 after two consecutive months of downfall.
The United States’ total aluminium scrap export in the first quarter of 2020 amounted to 458,000 tonnes, up by 1.10 per cent from 453,000 tonnes during the same period last year.
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