China January aluminum exports hit record high

China’s aluminum exports surged to a record high in January, according to customs data released on Thursday, as weak domestic demand led to another bumper month of shipments overseas. Exports of unwrought aluminum and aluminum products from China rose to 552,000 tonnes last month, the General Administration of Customs said. It is possible exporters wanted to ship as much metal as possible before March 1, the deadline that the US has put on reaching a trade agreement with China or it will once again raise tariffs on Chinese imports. With the Lunar New Year occurring in February, it is also possible more shipments were scheduled in January ahead of the new year holiday. 

 

Source:Reuters

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