Foreign media reported on June 8 that China’s export volume rose strongly in May, shaking off the decline seen in the first quarter of this year.
Exports were boosted by strong export arbitrage gains and a 20 per cent year-on-year increase in domestic production in recent months, according to Citi.
The bank said the poor export performance was due to anti-dumping measures taken by countries such as the us.
“Anti-dumping pressure is likely to ease in the coming months as exporters look elsewhere,” citi said.
The investment bank added that China’s aluminium exports were expected to increase by 10 per cent year-on-year for the rest of the year.
China accounts for more than half of global aluminium production.