SHANGHAI, Apr 26 (SMM) - According to customs data, China's aluminium foil exports were 126,800 mt in March, an increase of 34% month-on-month and 9% year-on-year.
The top four destinations were Thailand, India, Indonesia, the United Arab Emirates, which accounted for 8.92%, 7.34%, 6.51% and 6.30% respectively of total exports.
Jiangsu, Zhejiang, Shanghai, Shandong, and Henan were the top five export provinces, with a combined export volume of 101,200 mt, accounting for 79.8% of the total.
East China is China's major aluminium foil production and export center. However, Shandong, Shanghai, Jiangsu and other regions suffered from severe pandemic in April, which severely hindered transportation, forcing some aluminium foil companies to lower or halt production. Exports in other regions were also affected due to slow operations at ports.
Therefore, it is expected that the export of aluminium foil will decline sharply in April. Overseas demand will play a decisive role in future exports.