Exports of unwrought aluminium, semis gain 37% YoY in Sep

Published: Oct 12, 2018 12:03

Save

China exported 507,000 mt of unwrought aluminium and aluminium products in Sep

SHANGHAI, Oct 12 (SMM) – China exported 507,000 mt of unwrought aluminium and aluminium products in September, up 37% from the corresponding period last year, showed China Customs data. On a monthly basis, the exports shrank 10,000 mt.

In the first nine months of 2018, China’s exports of unwrought aluminium and aluminium products amounted to 4.258 million mt, up 16.3% from the same period in 2017.

Customs data Aluminium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

20 mins ago

China's Secondary Aluminum Alloy Ingot Inventory Down 595 mt, Destocking in Major Hubs

[SMM News Flash] Inventory of secondary aluminum alloy ingots in China’s major consumption hubs fell by 595 mt from the previous day today, with varying degrees of destocking seen in Foshan, Wuxi, Ningbo, and other regions.

20 mins ago

30 mins ago

Geopolitical Risks Compound Interest Rate Cut Expectations, Intensifying the Tug-of-War Between Longs and Shorts in the Aluminum Market [SMM Aluminum Morning Meeting Minutes]

[Geopolitical Risks Compound Interest Rate Cut Expectations, Intensifying the Tug-of-War Between Longs and Shorts in the Aluminum Market] Continued destocking of LME inventory has provided bottom support for LME aluminum, but tightening funding liquidity and profit-taking by bulls have limited upward momentum, and the backwardation structure has somewhat weakened. China’s social inventory has risen to a high for the same period in nearly five years, and the inventory buildup cycle has yet to end. High inventory and weak spot fundamentals are jointly suppressing upward momentum. Divergence between domestic and overseas drivers continues, the SHFE/LME price ratio keeps weakening, and the market is expected to remain under pressure in the short term.

30 mins ago

40 mins ago

Supply-Demand Pattern of Weak Supply and Demand Is Unlikely to Change, Cast Aluminum Alloy Prices Are Expected to Remain in the Doldrums in the Short Term [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: The Dual-Weak Supply-Demand Pattern Was Hard to Change, and Alloy Prices Were Expected to Remain in the Doldrums in the Short Term] Spot side, the secondary aluminum alloy ADC12 market continued to weaken yesterday, with mainstream enterprises generally lowering quotes by 200–400 yuan/mt. The price weakness was mainly dragged down by the expanded declines in aluminum prices and futures, while the cost center moved lower in tandem; coupled with previously strong bullish sentiment among some enterprises and a lagging pace of price adjustments, the market saw a catch-up decline today. Market sentiment side, secondary aluminum enterprises turned cautious and bearish on short-term aluminum price trends, with active shipments as the main focus. Demand side support remained weak, downstream procurement was maintained for rigid demand, wait-and-see sentiment was strong, and transactions showed no obvious increase. Overall, ADC12 prices were expected to remain in the doldrums in the short term.

40 mins ago