South Korean Aluminum Plate Sales In October Increased

- Nov 27, 2018-

In October, South Korea's aluminum sheet sales increased slightly year-on-year, and the total sales volume of five major aluminum sheet manufacturers in Korea, such as Novelis Korea Branch, Asahi Aluminum, Daxie Al, Dachang AT, and Mould Aluminum, was 74,322 tons. Compared with 70,973 tons in the same period last year, it increased by 4.7%. Among them, local sales of 29,758 tons, a slight decrease of 2.7%; exports of 44,464 tons, a sharp increase of 10.3%. From the perspective of various companies, the total sales volume of Novelis Korea Branch was 59,319 tons, up 2.3% year-on-year; Asahi Aluminum and Daxie Al were 9958 tons and 3,236 tons respectively, up 24.4% and 6% year-on-year. It is worth mentioning that the sales volume of Molding Aluminum was 1,182 tons in the same period, a sharp increase of 66.9% compared with 708 tons in the same period last year. In contrast, Dachang AT's total sales volume was 1,000 tons, a sharp drop of 33.6% from 1506 tons last year. Due to the recent intensification of global trade disputes, LME aluminum prices have become more volatile, and it is likely to maintain a downward trend in the long run. From the perspective of price stability, although the uncertainty is large, it is expected that the aluminum plate market will shrink slightly in the second half of the year.