Foreign media reported on June 8 that China’s export volume rose strongly in May, shaking off the decline seen in the first quarter of this year. Exports were boosted by strong export arbitrage gains and a 20 per cent year-on-year increase in domestic production in recent months, according to Citi. The bank said the poor export performance was due to anti-dumping measures taken by countries such as the us. “Anti-dumping pressure is likely to ease in the coming months as exporters look elsewhere,” citi said. The investment bank added that China’s aluminium exports were expected to increase by 10 per cent year-on-year for the rest of the year. China accounts for more than half of global aluminium production.
Citigroup: China’s aluminum exports are expected to increase for the rest of the year
Foreign media reported on June 8 that China’s export volume rose strongly in May, shaking off the decline seen in the first quarter of this year.
Exports were boosted by strong export arbitrage gains and a 20 per cent year-on-year increase in domestic production in recent months, according to Citi.
The bank said the poor export performance was due to anti-dumping measures taken by countries such as the us.
“Anti-dumping pressure is likely to ease in the coming months as exporters look elsewhere,” citi said.
The investment bank added that China’s aluminium exports were expected to increase by 10 per cent year-on-year for the rest of the year.
China accounts for more than half of global aluminium production.
Recent Posts
LME does not impose a ban on Russian metals; how will the future of non-ferrous metals be interpreted?
November 15, 2022After This Interest Rate Rise Commodities Rally After The Market Can Continue?
August 2, 2022Foreign Investors Are Optimistic About The Chinese Market
July 29, 2022Archives