SMM March 24 news:
According to data from the General Administration of Customs, China's copper foil imports in January 2025 were approximately 6,917.61 mt, down 1.66% YoY and 16.60% MoM; in February, imports were about 6,901.16 mt, down 3.26% YoY and 0.24% MoM; cumulative imports for January-February 2025 were around 13,818.77 mt, down 2.46% YoY.
China's copper foil import value in January 2025 was $122.5725 million, up 4.56% YoY and down 16.58% MoM; in February, the import value was $125.2719 million, up 6.90% YoY and 2.20% MoM; cumulative import value for January-February 2025 was $247.8444 million, up 5.73% YoY.
China's copper foil exports in January 2025 were approximately 3,806.89 mt, down 8.58% YoY and up 8.43% MoM; in February, exports were about 3,421.31 mt, up 6.00% YoY and down 10.13% MoM; cumulative exports for January-February 2025 were around 7,228.2 mt, down 2.21% YoY.
China's copper foil export value in January 2025 was $47.7158 million, up 4.22% YoY and 5.83% MoM; in February, the export value was $42.1694 million, up 12.87% YoY and down 11.62% MoM; cumulative export value for January-February 2025 was $89.8851 million, up 8.11% YoY.
In January 2025, China's trade deficit in copper foil was about $74.86 million, and in February, it was about $83.1 million, an increase of $8.24 million MoM.
By country, the main sources of China's copper foil (excluding copper alloy foils) imports in January-February 2025 were Taiwan, China, Malaysia, and South Korea, with import volumes of 7,687.42 mt, 1,391.33 mt, and 893.67 mt, respectively.
The main destinations for China's copper foil (excluding copper alloy foils) exports in January-February 2025 were Thailand, South Korea, and Indonesia, with export volumes of 1,486.97 mt, 686.8 mt, and 674.48 mt, respectively.
In January-February 2025, China's copper foil imports were at a low level in recent years. With the upgrade of domestic copper foil technology, expansion of capacity, and localisation of high-end copper foil, China's dependence on imported copper foil gradually decreased. Copper foil exports also saw a slight decline YoY. The implementation of the policy to cancel export tax rebates increased the cost of exporting copper foil, leading to competitive pressure in overseas markets due to capacity expansion, and a shift in the trade mode of exports.
