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Chinese aluminum exports surge six months after trump sanctions on rusal

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Update time : 2018-09-19 15:24:53

When Mr Trump pointed the big stick at steel and aluminium tariffs and slapped sanctions on rusal, he could not have imagined that six months later, Chinese aluminium exports had surged to their highest level in more than three years.

U.S. sanctions on United Co Rusal have disrupted supply in the global aluminum market, bloomberg reported Thursday.China's exports to global markets surged in August as buyers sought alternatives from other producers.

China's exports of unwrought aluminum and related aluminum products rose to 517,000 tons in August, close to 520,000 tons in July and the highest level in more than three years, according to data released by the general administration of customs on the same day.From June to August, Chinese aluminum exports exceeded 1.5 million tons, a three-month high.At the same time, exports in the first eight months of the year surged 15 percent from a year earlier.

In march, the United States imposed a 10 percent tariff on aluminum imports.In April, the United States announced sanctions against rusal.The two moves split the global aluminium supply market into four markets: China, Russia, the us and overseas.Among them, Chinese aluminum enterprises increased exports.

China is the world's largest aluminium producer, with more than half the world's market share, while Russia is second.'on the supply side, rusal has about 15% to 16% of the world's supply in addition to China,' said ma yunjing, senior analyst at s&p global Asia metals.

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