SHANGHAI, Sept. 28 (SMM) – China’s aluminum semis exports will rebound slightly in September after 6.25% year-on-year decline in August, SMM predicts.
The rally will driven by the pullback in SHFE/LME aluminum price ratio and yuan’s devaluation, SMM’s aluminum research team said.
Outbound shipments were just 300,000 tonnes in August, down from robust exports during H1. SMM attributes the year-on-year decline mainly to rising SHFE/LME aluminum price ratio, which curtailed exports of low- and medium-end products.
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