China’s Aluminum Semis Exports Grow Less Than Expected to 280,000 Tonnes in June-Shanghai Metals Market

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China’s Aluminum Semis Exports Grow Less Than Expected to 280,000 Tonnes in June

Data Analysis 03:36:24PM Aug 05, 2014 Source:SMM
SHANGHAI, Aug. 5 (SMM) – China’s aluminum semis exports did not grow as much as expected in June, Shanghai Metals Market learned.
 
Outbound shipments rose only 2.9% from a year ago to 280,000 tonnes. 
 
Overseas buyers continued to push for lower prices, squeezing Chinese producer margins. Besides, many processors preferred to maintain stable domestic sales as a hedge against interruptions in exports. Both factors constrained the growth in export volumes, SMM understood.
 
Exports by segment in June are detailed as below:
 
 

Segment

Quantity (Tonne)

YoY

Extrusion

69,500

43.55%

Foil

69,900

7.77%

Plate/sheet

125,200

-13.99%

Source: China Customs

China’s Aluminum Semis Exports Grow Less Than Expected to 280,000 Tonnes in June

Data Analysis 03:36:24PM Aug 05, 2014 Source:SMM
SHANGHAI, Aug. 5 (SMM) – China’s aluminum semis exports did not grow as much as expected in June, Shanghai Metals Market learned.
 
Outbound shipments rose only 2.9% from a year ago to 280,000 tonnes. 
 
Overseas buyers continued to push for lower prices, squeezing Chinese producer margins. Besides, many processors preferred to maintain stable domestic sales as a hedge against interruptions in exports. Both factors constrained the growth in export volumes, SMM understood.
 
Exports by segment in June are detailed as below:
 
 

Segment

Quantity (Tonne)

YoY

Extrusion

69,500

43.55%

Foil

69,900

7.77%

Plate/sheet

125,200

-13.99%

Source: China Customs