Aluminium Exports Slid in China

Released on = May 25, 2007, 3:23 am

Press Release Author = Shushmul Maheshwari

Industry = Industrial

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.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM507.htm
Current Industry News: http://www.rncos.com/blog


Web Site = http://www.rncos.com

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com

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