Aluminium exports in Nov rebound on lower yuan, tariff uncertainty

Published: Dec 10, 2018 12:00

Save

China exported 536,000 mt of unwrought aluminium and aluminium products in Nov, up some 54,000 mt from Oct

SHANGHAI, Dec 10 (SMM) – China exported 536,000 mt of unwrought aluminium and aluminium products in November, up some 54,000 mt from October, showed China Customs data.

On a yearly basis, November’s exports jumped 41.1%. This brought the tally in January-November up 20.2% from a year earlier to stand at 5.28 million mt.

The yuan's depreciation as well as trade uncertainty in the overseas market prompted firms to rush out shipments and drove up aluminium exports in November.

The month-on-month increase in exports of aluminium came after three consecutive months of declines.

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 for 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

10 mins ago

Suppliers' Shipment Sentiment Low, Downstream Processing Enterprises' Wait-and-See Sentiment Strong [SMM Spot Aluminum Midday Comment]

10 mins ago

25 mins ago

"Huanghe Xinye to Upgrade 550,000 Tons Electrolytic Cells: Construction in July 2027, Commissioning Dec 2028"

According to the public notice released by the Administrative Committee (Bureau of Economic, Science and Technology Development) of Ganhe Industrial Park, Xining Economic & Technological Development Zone: Enterprise: Huanghe Xinye Co., Ltd. (Ganhe Industrial Park, Xining Economic & Technological Development Zone, Qinghai Province) Project: 550,000 tons electrolytic cell upgrading and capacity replacement project New Construction: 342 sets of 600kA electrolytic cells (total capacity: 550,000 tons) Capacity to Be Phased Out: 572 sets of 350kA and 400kA electrolytic cells (total capacity: 550,000 tons) Schedule: Construction commencement in July 2027; official commissioning in December 2028

25 mins ago

1 hour ago

Aluminum prices crashed and hit bottom, demand significantly improved [SMM South China Spot Aluminum Daily Review]

1 hour ago