Short-term Aluminum Foil Export Trend May Narrowly Fluctuate [SMM Analysis]

According to customs data, China's aluminum foil export volume in July 2024 was 139,400 mt, up 2% MoM and up 29% YoY. It continued to show slight MoM fluctuations and significant YoY growth.

By export destination, India remained at the top in July, followed by Thailand, Indonesia, Mexico, the US, and South Korea. In July, China's aluminum foil export volume to the top 10 destination countries was 82,800 mt, accounting for 59.34% of the total.

The SMM survey revealed that aluminum foil export orders in August did not show a significant decline. Based on this, it is estimated that the export volume in September-October will not be volatile, and the short-term aluminum foil export volume may continue to narrowly fluctuate. However, it is still necessary to be cautious about factors such as insufficient end-user demand and intensified trade friction, which may bring uncertainties to the long-term aluminum foil export market.