China’s aluminium exports fall for 3 months

Published: Sep 27, 2019 10:53

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Exports of unwrought aluminium and aluminium products shrank 4.31% from Jul to 466,000 mt in Aug

SHANGHAI, Sep 27 (SMM) – China’s exports of unwrought aluminium and aluminium products shrank in August for a third straight month, slipping 4.31% from July to 466,000 mt, showed SMM calculations based on Customs data.

August saw a high ratio of SHFE aluminium price to its LME counterpart, which would squeeze margins on exports. This, combined with trade barriers such as anti-dumping duties at some countries, deterred Chinese aluminium producers from pouring their cargoes to markets overseas.

Previous strong exports, meanwhile, dented near-by demand, with three months earlier this year seeing a monthly export volume of above 510,000 mt.

For the first eight months of the year, China’s exports of unwrought aluminium and aluminium products amounted to 3.94 million mt, up 5% from the same period a year earlier, pointing to an improvement in demand overseas.

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.

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