From January to February 2024, the exports of unwrought aluminum and aluminum semis increased by 9.8% YoY [SMM Analysis]

Published: Mar 7, 2024 15:08

Source: SMM

Save

According to the latest data from the General Administration of Customs, the exports of unwrought aluminum and aluminum semis in 2024 was 966,000 tons, up 9.8% YoY; the cumulative export value from January to February reached $3172.1 million, up 0.5% YoY.

According to the latest data from the General Administration of Customs, the exports of unwrought aluminum and aluminum semis in 2024 was 966,000 tons from January to February, up 9.8% YoY; the cumulative export value from January to February reached $3172.1 million, up 0.5% YoY. The year-on-year improvement in cumulative exports from January to February 2024 is mainly due to the fact that on the one hand, the country was in the outbreak period of the epidemic from January to February last year, which affected the order volume and operating rate, and the base was relatively small. This year, production returned to normal and export volume rebounded; On the other hand, affected by the domestic Spring Festival holiday, overseas stocked up in advance before CNY holiday, which led to a rebound in export volume. As downstream demand picks up, exports are expected to maintain a positive growth in March.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

28 mins ago

Stable Volumes, Rising Prices: China's Prebaked Anode Exports Show Resilience in 2026 [SMM Analysis]

Overall, amid the structural adjustment of shifting demand across global regions, China’s prebaked anode exports could offset the pressure from weakening demand in traditional markets through market structure optimization and a shift in the center of orders, coupled with its own capacity and supply chain advantages. Full-year China prebaked anode exports are expected to maintain a certain increase.

28 mins ago

13 hours ago

UAE Global Aluminum’s Taweelah Plant Was Attacked and Severely Damaged

The Taweelah complex of Emirates Global Aluminium (EGA) in the UAE sustained severe damage in Iranian missile and drone attacks. Damage assessment work is currently ongoing at the complex, which is located in Khalifa Economic Zones Abu Dhabi.

13 hours ago

17 hours ago

Abnormal Inventory Accumulation of Aluminum Ingots in South China in Mid-to-Late March [SMM Analysis]

Entering the second half of March, regional divergence in China’s aluminum market became increasingly pronounced, with the divergence between inventory trends and spot price spreads in east China and south China intensifying. On the one hand, the nationwide post-holiday inventory buildup in aluminum gradually approached its end, inventory overhang pressure in east China continued to ease, circulation efficiency steadily improved, the inventory buildup momentum slowed down significantly, and.....

17 hours ago