Press Release Summary = Demonstrating a continuous declining trend for the past few years, Chinese aluminium exports dropped to 141, 965 Tons in the month of April this year.
Press Release Body = As per RNCOS report on “China Non-Ferrous Industry Analysis” it has been found that China exported about 1.212 Million Tons of aluminium last year (2006), demonstrating an 8.10% decline from previous year (2005).
While in April this year, China’s exports of primary aluminium and its alloy dropped to 141,965 Tons, representing a 51% year-on-year decline, as per the data released by the Chinese General Customs Administration & the official news agency Xinhua.
This unremitting decline in the exports of non-ferrous metal is mainly due to Chinese government’s earlier regulatory-measures. Govt. of China had levied a 15% duty on exports of aluminium products on November 1, last year.
Unwrought aluminium’ s exports in China slid 40% in January this year, as the country spiked export duty on the metal in order to encourage higher value products’ manufacture and at the same time to control the growth of industries consuming huge amounts of energy. Heavy consumption of energy remained a major impetus behind this increase in tariff. Since aluminium production consumes large quantities of electricity, and the country needs to conserve energy to sustain its economic growth.
As per an estimate, aluminium exports in China will shrink owing to the deceleration in the production growth rate and rise in domestic demand. By the year 2010, consumption is expected to touch 10.5 Million Tons mark, surpassing the output of China by 0.6 Million Tons.
As per the RNCOS report “China Non-Ferrous Industry Analysis”, “There’s a huge gap between the consumption and production of Chinese non-ferrous metal industry. In spite of attaining self-sufficiency in aluminium industry and exporting its surplus aluminium production to other countries, China had to face deficit in 2005, as the production-consumption ratio of the country was 0.66%. The ratio should improve and reach 0.85% owing to rapid growth in alumina capacity. China is forecasted to remain alumina’s net importer till the year 2010.”
Issues addressed by this report include: the impact of Chinese non-ferrous industry on the global non-ferrous industry, market forces driving the industry, opportunities and challenges faced by it, etc.
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