Foreign media June 8 news, China’s aluminum exports increased strongly in May, it has been out of decline in the first quarter of this year.
Citi said the export surpluses were more impressive due to higher export surpluses and China’s domestic production increased by 20% year-on-year in recent months.
Citi said that the export situation before is affected by the United States and other countries of the anti-dumping measures.
Citi said: “In the next few months, anti-dumping pressure may be reduced, because the exporters are looking for other ways.”The investment bank also added that,China’s aluminum exports will increase by 10% during the rest time of this year.
China’s aluminum production is more than half of global aluminum production.