Exports of unwrought aluminium, semis down 3 months in Oct

SHANGHAI, Nov 12 (SMM) – China exported 482,000 mt of unwrought aluminium and aluminium products in October, down some 25,000 mt from September, showed China Customs data. This marked the third consecutive month of decline. 

Foreign orders for aluminium rolled products dipped as the SHFE/LME aluminium price ratio rebounded from August, and this accounted for the declines in exports. 

Despite month-on-month drops, the exports remained at relatively high levels. On a yearly basis, the exports grew 37.7% in October. This raised overall exports in January-October by 18.2% from last year, to 4.74 million mt.