Despite favorable SHFE/LME aluminum price ratio in H1 2017, aluminum semis exports did not post notable growth. Customs data showed China’s exports of aluminum plate/sheet and strip rose 17.7% year-on-year in March, but exports of aluminum bar, rod and extrusion tumbled 36.23% year-on-year. Similarly, exports of aluminum plate/sheet and strip jumped 40.5% year-on-year in April, but exports of aluminum extrusion plunged 37.91% year-on-year. SMM attributes the decline in extrusion exports to intensified anti-dumping measures.
