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China's aluminum exports in in 2 months up 226pct YoY

Metal News - Published on Mon, 12 Mar 2018

Image Source: Reuters
Reuters reported that China’s aluminum exports grew more than 25% in the first two months of 2018, suggesting that winter production cuts by Beijing to battle air pollution had not been as deep as expected. According to the General Administration of Customs, in the first two months of 2018 China’s exports of unwrought aluminum and products rose 26% to 817,000 tonnes.

It said that shipments have risen since November when the cuts were first introduced, creating a favorable arbitrage to the London Metal Exchange price and encouraging producers and fabricators to seek better margins abroad.

Source :

Posted By : Rabi Wangkhem on Mon, 12 Mar 2018
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