China's total aluminium scrap export to be valued at US$45 million in 2016

China's oversupply of aluminium led to a global glut with prices plummeting to their lowest in 2016. There have been several incidents of affected primary producers from all over the globe coming forward and voicing their concern against the rising shipment volumes of aluminium in every form from China to the overseas market. Notwithstanding the objections and allegations, China kept offshoring its aluminium as output in the country kept rising barring a few capacity cuts. The silver lining, however, amid all these market doldrums was a steady demand for aluminium which came from the ever expanding end user sectors. The demand was initially buoyant for both primary as well as recycled aluminium, reported European Aluminium at the 2016 Aluminium trade fair in Düsseldorf, Germany, but in a recent report, World Bureau of Metal Statistics (WBMS) stated that the global aluminium demand reduced by 238,000 tonnes during January to September this year to total 43.48 million tonnes, as compared with the corresponding period last year. The decline is reflected in China's reduced volume of aluminium scrap export in 2016.

China exported 14,485.7 tonnes of scrap aluminium in 2014, which surged 21 per cent to total 17,532.7 tonnes in 2015. In 2016, the country is estimated to export a total volume of 16,501.8 tonnes scrap aluminium, down 5.87 per cent from the previous year.

NewsValue-wise, the total revenue generated from aluminium scrap export from China totalled US$21.59 million in 2014. The value increased almost 60 per cent to total at US$34.46 million in 2015. In 2016, the total export value of aluminium scrap in China is estimated to reach US$45 million, up 30.5 per cent from the previous year due to a strong US dollar.

China exported 5274.78 tonnes of aluminium scrap to Hong Kong, 237.43 tonnes to India, 60.01 tonnes to the Middle East (UAE, Saudi Arabia, and Qatar combined), 49.91 tonnes to Canada, and 32.13 tonnes to Brazil.

According to the recent data, aluminium recycling sector is continuing to flourish globally. As more and more industry players start focusing on their aluminium recycling operations the demand for aluminium scrap will keep rising over the long term.

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