Chinese aluminum alloy export hard to recover due to QE in Japan
2013-05-24 14:50:55 【Print】
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Data from China Customs showed that Chinese aluminum alloy export shrank a lot till now this year. One reason for Chinese aluminum alloy exports decrease is the slowing down of global economy. Japan and western countries all took QE as the solution for economy. As CNY exchange rate against both USD and JPY raised rapidly, Chinese aluminum alloy exporters found it hard to make deals with price at regional levels. The QE policy showed no sign to end for the following months and Japanese government will even print more JPY. Thus it is hard for Chinese aluminum alloy export to recover.
