Due To Weak International Demand, China's 2023 Aluminum Semis Exports Declined YoY

From January to September, China's total aluminum semis exports were around 3.955 million mt, down 18% YoY. Exports of aluminum plates/sheet, strip and foil remained weak, showing both YoY and MoM declines. However, products like aluminum bars and rods maintained stable export volumes YoY.

In 2023, the profit margin for China's aluminum semis exports shrank. With no major domestic or international aluminum price fluctuations in Q4, it was challenging to boost aluminum semis exports significantly. The total annual export volume was projected to hit around 5.6 million mt, down 9.3% YoY, but a 2.6% increase compared to 2021.