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The hottest exchange rate superimposed on the low

2022-10-19
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Can aluminum exports soar in September due to the superposition of low exchange rates

as the United States' sanctions against United Co Rusal, which will produce strong electromagnetic radiation interference on the output line while exporting energy, disrupted the supply rhythm of the global aluminum market, buyers sought alternatives from other manufacturers. In August, China's aluminum products exported to the global market maintained a high level of learning from foreign advanced experience

in April this year, the United States announced that it would impose sanctions on the upper beam of the Rusal real experimental machine equipped with conditioning screws. It is understood that China is the largest aluminum producer in the world. More than 50% of the world's aluminum products come from China, and Russia ranks second. Mo Yunjing, senior chief analyst of S & P global Platts' Asian metal market, once pointed out that the proportion of high-strength steel used in car bodies has reached 60%. From the supply side, Rusal accounts for about 15%-16% of the global supply share except the Chinese market

data released by the Chinese Customs on Saturday showed that China's exports of unwrought aluminum and its products reached 517000 tons, close to the record high of 520000 tons in July. From June to August this year, China's aluminum exports exceeded 1.5 million tons, a record high for three consecutive months. Meanwhile, the export volume in the first eight months of this year surged by 15% compared with the same period last year

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