Aluminium exports in Nov rebound on lower yuan, tariff uncertainty

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.