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Exports of aluminium sheet, plate, strip rise 9.7 percent in May

Jul 3,2019

The latest data from China Customs showed China’s exports of aluminium sheet, plate, and strip rose 9.7 percent from a month ago and 5.7 percent from a year ago to stand at 245,000 million tonnes in May.

 

In the same month, the United States hiked its tariffs on $200 billion worth of Chinese goods after trade talks between the world’s two largest economies collapsed. This is expected to lower orders from American buyers, and Chinese producers who do not have stable clients will likely be the first casualty.

 

Front-loading shipments to the United States probably accounted for the increase in exports of aluminium sheet/plate and strip in May, growing the possibility of a decline in numbers for June and July.

 

It was learned that cargoes that could arrive at US ports before July 1 will avoid the higher duties and that it usually takes 30-45 days for a vessel to go from China to the United States.

 

Chinese producers who have signed long-term supply agreements with foreign buyers said that their export orders did not sharply shrink in May and June, and that they have found new clients from other countries after American buyers were deterred by the imposition of US anti-dumping and anti-subsidy duties on Chinese common alloy aluminium sheet products at the end of 2018.