[SMM analysis] in April, China's aluminum wheel export volume fell down and how to follow up with the introduction of new tariffs?-Shanghai Metals Market

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[SMM analysis] in April, China's aluminum wheel export volume fell down and how to follow up with the introduction of new tariffs?

Translation 12:24:30PM May 30, 2019 Source:SMM

SMM5, March 30: in April 2019, China's aluminum alloy wheel exports were 70400 tons, down 11.6% from the same period last year and 9.6% from the previous month. From January to April, the cumulative export volume of China's aluminum alloy wheels was 292200 tons, down 4.4 per cent from the same period last year.

Exports of aluminum alloy wheels have fallen sharply, mainly due to falling demand for cars overseas, in addition to the United States, Countries and economies such as the European Union, Australia, India, Argentina, the Eurasian Union and other countries and economies impose tariffs and anti-dumping duties on Chinese aluminum wheels, which also put pressure on China's aluminum wheel exports.

In April, China exported 31000 tons of aluminum wheels to the United States, down 16.2 per cent from the previous month and accounting for 44 per cent of China's total exports that month. The cumulative export volume from January to April 2019 was 135000 tons. As the tariff imposed by the United States on Chinese aluminum wheels has gradually increased from 0% to 25% since last year, as the largest export destination for Chinese aluminum wheels, the United States has a great impact on the volume of exports. Since the news of the tariffs was confirmed, some downstream purchases in the United States have been purchased in advance to absorb the impact of the tariffs, so China's monthly exports of aluminum wheels have remained above 80,000 tons since the third quarter of 2018.

The pre-demand impact is gradually reflected in 2019, coupled with the formal US tariff of up to 25 per cent on Chinese wheels since May 1, and with the global car market in the doldrums, China's aluminum wheel exports are expected to continue to decline.

 

[SMM analysis] in April, China's aluminum wheel export volume fell down and how to follow up with the introduction of new tariffs?

Translation 12:24:30PM May 30, 2019 Source:SMM

SMM5, March 30: in April 2019, China's aluminum alloy wheel exports were 70400 tons, down 11.6% from the same period last year and 9.6% from the previous month. From January to April, the cumulative export volume of China's aluminum alloy wheels was 292200 tons, down 4.4 per cent from the same period last year.

Exports of aluminum alloy wheels have fallen sharply, mainly due to falling demand for cars overseas, in addition to the United States, Countries and economies such as the European Union, Australia, India, Argentina, the Eurasian Union and other countries and economies impose tariffs and anti-dumping duties on Chinese aluminum wheels, which also put pressure on China's aluminum wheel exports.

In April, China exported 31000 tons of aluminum wheels to the United States, down 16.2 per cent from the previous month and accounting for 44 per cent of China's total exports that month. The cumulative export volume from January to April 2019 was 135000 tons. As the tariff imposed by the United States on Chinese aluminum wheels has gradually increased from 0% to 25% since last year, as the largest export destination for Chinese aluminum wheels, the United States has a great impact on the volume of exports. Since the news of the tariffs was confirmed, some downstream purchases in the United States have been purchased in advance to absorb the impact of the tariffs, so China's monthly exports of aluminum wheels have remained above 80,000 tons since the third quarter of 2018.

The pre-demand impact is gradually reflected in 2019, coupled with the formal US tariff of up to 25 per cent on Chinese wheels since May 1, and with the global car market in the doldrums, China's aluminum wheel exports are expected to continue to decline.