SHANGHAI, Dec 22 (SMM) –According to customs data, China's aluminium extrusion exports (tariff codes 76041010, 76041090, 76042100, 76042910, 76042990) stood at 88,100 mt in November 2021, a month-on-month increase of 18% and a year-on-year increase of 5%. Among them, the exports to European Union recorded 6,100 mt, up 17% on the month and 19% on the year, accounting for 6.95% of the total.
The main export destinations in November include Vietnam (10.22%), Nigeria (10.22%), the Philippines (6.98%), Nigeria (4.52%), Malaysia (4.44%) and Australia (4.39%). The exports to other 150 countries accounted for more than 70% of the total exports.
The exports from Guangdong remained high, accounting for 54.9% of the total volume. Shandong exported 11.76% of the aluminium extrusion.
The SHFE/LME price ratio dropped rapidly to 7.07 in November, which facilitated the exports. The export profits of aluminium extrusion also increase in November, which is likely to reach and surpass the high level in 2018. According to SMM survey, the domestic traders are active in exports. The exports of aluminium extrusion are expected to correct slightly from November amid Christmas and New Year’s holidays, in spite of low levels of LME aluminium price ratio.
