[SMM analysis] the export volume of aluminum profiles and bars declined slightly in September compared with the same period last year.

Published: Oct 25, 2019 21:10

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Exports of aluminum profiles and bars were 86300 tons in September 2019, down 4.98% from August and 1.09% from a year earlier, according to data released by the General Administration of Customs.

According to data released by the General Administration of Customs, the export volume of aluminum profiles and bars in September 2019 was 86300 tons, down 4.98 percent from August and 1.09 percent from the same period last year. From January to September, the cumulative export volume of aluminum profiles and bars was 786000 tons, up 12 percent from January to August and 12.5 percent from January to September last year.

Source: SMM

From the above data, we can see that the export volume of aluminum profiles and bars declined slightly in September compared with the same period last year. The main reason is that in addition to the rise in the exchange rate to restrain exports, the high level of Shanghai-Lun ratio in September is also not conducive to aluminum exports. In addition, although the Shanghai-Lun ratio declined slightly in September compared with the same period last year, the cumulative volume from January to September still rose slightly over 10%. It can be seen that foreign demand for aluminum profiles and bars in China this year is still OK. The small decline in exports in the month is a normal fluctuation, and subsequent export changes will continue to pay attention to the RMB exchange rate, the Shanghai-Lun ratio and the demand for foreign aluminum.

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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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