BEIJING (Reuters) – China’s aluminum exports fell slightly in September from the previous month as a narrowing price arbitrage to international markets reduced the incentive to ship metal overseas, while steel shipments edged higher.
China’s unwrought aluminum and aluminum product exports were 507,000 tonnes last month, the General Administration of Customs said on Friday, up 37 percent from 370,000 tonnes in September 2017.
Percent - Tonnes - August - Data - August
That was down 0.6 percent from 510,000 tonnes in August, the data showed. The August figure was revised lower though it remains the second-highest on record and now matches the import numbers for July and June.
China is the world’s top producer of steel and aluminum. The United States has imposed tariffs of 25 percent on Chinese steel imports and 10 percent on aluminum imports since March 23 in one of the opening moves of the trade war...
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