SHANGHAI, Sept. 27 (SMM) – China’s aluminum semis exports in August hit the lowest since February this year.
Customs data shows China’s aluminum semis exports were 360,000 tonnes in August, down 3.2% from a year ago and down 7.7% from July.
Rally of SHFE/LME aluminum price ratio in recent two months is the main reason behind lower exports, SMM understands.
The year-on-year increase in aluminum plate/sheet and strip exports in August did not offset year-on-year fall in aluminum extrusion exports. Aluminum extrusion exports have been falling steadily on a yearly basis each month this year.
Aluminum plate/sheet and strip exports fell 10% month-on-month in August, due mainly to big fall in orders for aluminum coil.
Aluminum foil exports also dropped due to anti-dumping policy from the US.
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