Exports of aluminium bars, rods, and profiles grew both monthly and annually in November 2023, while aluminium plates, sheets, and strips exports rebounded due to seasonal restocking.
China's unwrought aluminium alloy exports in November 2023 were 15,700 tonnes, up by 1.7 per cent month-on-month but down by 17 per cent year-on-year. Total exports in eleven months amounted to 221,800 tonnes, 8.3 per cent more year-on-year.
In December 2023, higher global aluminium prices (ex-China) increased the profitability of China's aluminium semis exports. But until now, Red Sea shipping issues have caused some disruptions to exports.
SMM predicts China's aluminium semis exports will total 5.28 million tonnes by the end of 2023.
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
