China Export 63,825 tons of Aluminum Alloy Ingot in October

(China Aluminum Network) According to China Customs that China export 63,825 tons of aluminum alloy ingots in October increased 7.2% compared with September. Analysts agreeed that the increasing demand in Japanese clients was the main reason that caused the growth of export.

It is learned that China export 42 thousand tons of aluminum alloy ingots to Japan in October while grew 20% compared with September, as to the proportion also rose from 59% to 65%. Since enterprises in Japan who were urgently in need of casting aluminum alloy that used in auto parts and domestic appliance stimulate those enterprises to import aluminum alloy ingots from China.

Japan is the main importer of Chinese aluminum alloy ingot. Analysts said that with the overall recovery of Japanese enterprises and enhanced production in the second half year, so aluminium alloy ingot export volume increased obviously in China. At the same time, Japanese enterprises are used to add stock at the beginning of each quarter.

In November, China aluminum alloy ingot export may fall after rise since Japanese clients with weak stock need and the higher aluminum price ratio in domestic.

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