Industry News

US anti-dumping measures dampen China’s July aluminium extrusion exports, resulting in 75% M-o-M fall

Views : 72
Update time : 2024-09-02 15:53:54
According to China customs data, domestic aluminium extrusion exports in July 2024 amounted to 90,300 tonnes, marking a dramatic month-on-month fall of 74.8 per cent but a modest rise of 0.83 per cent year-on-year.

In June, Chinese aluminium extrusion exports, including HS codes 76041010, 76041090, 76042100, 76042910, and 76042990, amounted to 97,500 tonnes, up by 6.47 per cent month-on-month and 9.14 per cent year-on-year.

Among the top sources of Chinese aluminium extrusion exports in July, Guangong, Shandong, and Jiangsu led the list. The sharp month-on-month decrease in export volume is largely attributed to anti-dumping measures imposed by the United States, resulting in a significant drop in export orders. Some Chinese companies even reported zero export orders from the United States in July 2024.

The major export destinations were Vietnam, Israel, and India. Vietnam remained the top, accounting for 6.06 per cent of the total Chinese export volume, followed by Israel ranking second with 5.68 per cent of contribution to Chinese exports and India the third with 5.30 per cent.

Besides the anti-dumping factor, other reasons that contributed to the M-o-M fall in Chinese extrusion exports were the narrowing of LME and SHFE price spread, causing less enthusiasm for overseas companies to place orders for Chinese goods, coupled with the traditional off-season.

SMM expects the impact of anti-dumping measures to persist on long-term orders from China, but for the short-term, overseas end-users are likely to maintain large procurements. Therefore, the export volume in August is expected to remain stable and maintain a Y-o-Y growth trend.

Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11