Aluminum Products Export Situation in June

(China Aluminum Network) According to the data that China exported 270 thousand tons of aluminum products in June decreased 8% yoy, but increased 4% when compared with last month. The export volume of aluminum plate/strip increased largely in June.

In general, from place order to production and arrived at the port, the delivery time will determined by the production cycle of different products, but generally around one month. From mid April to the beginning of June, the aluminum ratio in Shanghai and London was between 7.7-8.0, domestic aluminum ingot price was more expensive than overseas, aluminum products should not be massive export.

The export volume of aluminum products increased in June, SMM hold the following two reasons caused the above situation, the first one is that June is the turn point of half a year, some enterprises will enlarge export; the second one is domestic aluminum ingot kept high premium, the actual production cost between domestic and overseas aluminum enterprises was smaller than the ratio between Shanghai and London.

In terms of export product kinds, aluminum profiles occupied 77 thousand tons, 57 thousand tons for aluminum foil, decreased 2 and 7 thousand tons respectively when compared with last month. But aluminum plate and strip up 24 thousand tons to 128 thousand tons in June. Since aluminum plate and strip with wider profit margins.

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