Such coils are produced by crudely processing ingots into coils which are then exported as aluminium coils for remelt, traders said. Some have also called such products “fake semis."
In December, Chinese unwrought aluminium and aluminium product exports
rose 15.8% month on month and 12.8% year on year to 440,000 tonnes.
Exports have increased amid a favorable SHFE/LME export arbitrage, with Chinese exporters also intensifying shipments now...