According to China Customs data released on Wednesday, June 26, aluminium foil exports in China increased 11.75 per cent in May compared with the same period last year. Exports came in at 125,000 tonnes last month. Aluminium foil exports dropped 4.53 per cent in April.
On a month-on-month comparison, China's export of aluminium foil increased 21.57 per cent in May. Those products were under five HS codes of eight digits.
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SMM reported that India, Thailand, South Korea, Saudi Arabia, and the United Arab Emirates remained the top five importers of Chinese aluminium foil last month, accounting for 64.44 per cent of the total export volumes.
In another update from SMM, China’s exports of aluminium bars, rods and profiles stood at 96,400 tonnes in May, representing an increase of 18.83 year-on-year, showed the latest data from China Customs.
On a month-on-month comparison, exports of aluminium bars, rods and profiles rose 10.45 per cent in May. Those products were under HS code 76041090, 76042100, 76042990, 76041010 and 76042910.
According to Shanghai Metals Market, the devaluation of yuan and Chinese exporters’ efforts to tap markets overseas accounted for the increases in aluminium bars, rods and profiles exports. Higher exports of these products also saw little impact from the anti-dumping measures from the US and Vietnam and higher US tariffs.
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