China exported 373,000 mt of unwrought aluminium and aluminium semis in July

[General Administration of Customs: From January to March 2022, the import of steel decreased by 13.4% YoY and the exports decreased by 25.5% YoY] The General Administration of Customs released the Import and Export Value of Key Commodities in March on April 13. It showed that in terms of export, the exports of steel in March was 4.945 million mt, and the cumulative export volume from January to march was 13.179 million mt, a decrease of 25.5% year-on-year. The exports of unwrought aluminium and aluminium in March were 594,400 mt, and the cumulative exports from January to March was 1.6283 million mt，up 26.7% year-on-year.

According to customs data, China's rare earth exports stood at 4,837.1 mt in March, up 36.9% month on month, and the average export price was $12.05/kg, up 8%.

China's aluminium extrusion exports in March 2021 were 58,000 mt, down 2% month-on-month and 22% year-on-year, latest customs data show.

It was reported last Wednesday that a giant container ship ran aground on the Suez Canal, causing two-way traffic on one of the world’s busiest maritime trade routes to be blocked. As an important international waterway, the Suez Canal connects the Mediterranean Sea and the Red Sea, providing the closest route from Europe to the land around the Indian Ocean and the Western Pacific. According to statistics, 20% of the world's total maritime cargo volume, 80% of the cargo volume between European and Asian countries, and 25% of the world's oil tankers pass through the Suez Canal. Therefore, the Canal is of significant importance to the shipping between China and Europe.

China exported 1.23 million mt of aluminium foil in 2020, down 4.95% on the year, according to customs data.

The recent coastal wind and waves at northern Chilean ports has caused an extensive delay in copper exports by Chile in January. Of several large and medium-scale ports in northern Chile that transport copper cathode and copper concentrates like Antofagasta, Mejillones, Iquique, Arica and Patache, four ports could not load copper cathode as large-scale vessels failed to call at ports, with the exception of the Antofagasta port.

The stainless steel market remained stable with scarce transactions. The basic quotations of #304 cold rolled coils were between 12,900-13,400 yuan/mt. According to the survey from traders, due to the tight spot supply from Hongwang, some agents had suspended selling coils, and they are reserving the supply for later sale of plates.

China's rare earth exports in October stood at 2,288.3 mt, down 37.1% from a year earlier, but up 14.2% from September.

China’s rare earth exports in September stood at 2,003.3 mt, down 43.9% from a year earlier. Rare earth export value in September stood at 130 million yuan. Exports from January to September declined 27.5% year over year to 26,380.6 mt. Export value fell 25.5% year on year in January-September to 1.78 billion yuan.

China exported 426,000 mt of unwrought aluminium and aluminium semis in September, up 7.7% month on month and down 2.1% year on year, according to customs data. Exports from January to September totalled 3.56 million mt, down 18.6% from a year ago.