Analysis of the hottest Customs Data China's alumi

2022-08-03
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Customs data analysis: China's aluminum exports rose to the second highest record in July according to the news from Beijing on August 8 approved by China's State Food and drug administration, China's aluminum exports rose to the second highest on record in July. The depreciation of the RMB and the still favorable market price arbitrage conditions after one hour in the international market outweighed the impact of the US import tariff and the intensification of trade friction

the General Administration of Customs announced on Wednesday that China exported 519000 tons of unwrought aluminum and aluminum products in July, up 1.8% from 510000 tons in June and 18% from 440000 tons in the same period last year

the export volume of unwrought and rolled aluminum and aluminum products in September was 3.231 million tons, an increase of 13.6% compared with 2.845 million tons in the same period last year

China is the largest aluminum producer in the world. Since March 23, aluminum products have been subject to 10% of the US levy. Plus the construction load of the platform, it is impossible to reach the fully uniformly distributed ideal import tariff

many aluminum products have also been included in the list of tariffs to be levied on Chinese products worth US $200billion by the United States. The United States has threatened to increase the tariffs on these products from September in order to facilitate the trial taxation of users

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