SMM sees China’s aluminum output at 2.919 million tonnes in September, up 18.4% year-on-year and 27.403 million tonnes from January to September, up 18.4% year-on-year. Annualized aluminum capacity in operation is 35.515 million tonnes in September.

Unit: 1,000 tonne

On October 13, 2017, China released its trade data for September. In dollar terms, the exports rose 8.1% year-over-year.China’s September trade data showed improvement compared to the previous month’s data. In August, China’s exports rose 5.5% YoY.

However, China’s September trade data was a mixed bag for investors. While its growth in exports was lower than expected, imports data shattered analysts’ estimates. Analysts surveyed by Reuters expected China’s imports to rise 13.5% YoY in September.

Notably, this is the second consecutive month when China’s imports have beaten expectations, and exports have been lower than expected. Higher imports suggest strong domestic demand in China.

China's aluminum and thin aluminum foil producers are eyeing on domestic marks and looking for new markets to replace the USA.

Related news:GACC: Aluminum Exports Fell In August, 2017