China’s Aluminium Extrusion Exports Drop Sharply in July Amid U.S. Anti-Dumping Measures
China's aluminium extrusion exports experienced a significant drop in July 2024, according to the latest data from China Customs. The exports totaled 90,300 tonnes, marking a steep 74.8% decline from June but showing a slight 0.83% increase compared to July 2023.
In June, China's aluminium extrusion exports, covering HS codes 76041010, 76041090, 76042100, 76042910, and 76042990, had reached 97,500 tonnes, representing a 6.47% increase month-on-month and a 9.14% rise year-on-year.
The sharp decline in July is primarily attributed to the anti-dumping measures imposed by the United States, which significantly reduced export orders. Some Chinese companies reported receiving no orders from the U.S. during July 2024. This has severely impacted the overall export volume, with major export destinations shifting focus to markets such as Vietnam, Israel, and India.
Vietnam was the top destination for Chinese aluminium extrusions in July, accounting for 6.06% of the total export volume. Israel followed with a 5.68% share, and India ranked third, contributing 5.30% to China's exports.
In addition to the U.S. anti-dumping actions, other factors contributing to the month-on-month decline include the narrowing price spread between the London Metal Exchange (LME) and Shanghai Futures Exchange (SHFE), which has dampened overseas demand for Chinese aluminium products, alongside the traditional off-season effects.
Looking ahead, SMM expects the impact of anti-dumping measures to continue affecting long-term orders from China. However, in the short term, overseas end-users are likely to continue large procurements, which should help stabilize export volumes in August and potentially sustain a year-on-year growth trend.
