China's aluminium semis exports likely to recover in November and December

In September, China's total aluminium semis exports decreased by 0.8% month-on-month and 7.7% year-on-year to 436,000 mt. From January to September, total aluminium semis exports were approximately 3.955 million mt, a year-on-year decrease of 18%. Among them, the export volume of aluminium plates, strips, and aluminium foil was still weak, declining both on YoY and MoM basis. Exports of aluminium rods, bars and other semis were largely stable year-on-year. China’s aluminium semis exports may continue to drop on both YoY and MoM basis in October due to shrinking export profits and sluggish overseas demand. However, considering year-end stocking, exports could improve in November and December on a month-on-month basis.