Export Outlook for Chinese Aluminum Plate/Sheet and Strip Enterprises Is Pessimistic Following Sharp Increase in March

SHANGHAI, Apr 25 (SMM) - According to customs data, China's aluminum plate/sheet and strip exports were 325,800 mt in March, an increase of 37% month-on-month and 39% year-on-year.

Mexico, South Korea, and the United States remained the main export destinations. The exports to the top five destinations were 134,400 mt, accounting for 41.27% of the total.

However, some companies told SMM that their export orders slumped MoM in April partly due to the pandemic, which made it difficult for them to ship their finished products.

Another concern was that aluminum plate/sheet and strip capacity overseas has gradually recovered as many western countries have chosen to co-exist with COVID-19, thus reducing dependence on Chinese products.