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Home / Metal News / China’s Aluminium Plate/Sheet And Strip Exports Fell Significantly In April And To Remain Sluggish In The Future

China’s Aluminium Plate/Sheet And Strip Exports Fell Significantly In April And To Remain Sluggish In The Future

May 30, 2023 13:33

Source:SMM

SHANGHAI, May 30 (SMM) – Customs data showed that China exported 228,000 mt of aluminium plate/sheet and strip in April, down 8.56% MoM and 30.7% YoY.

Mexico, South Korea and Thailand remained the major export destinations. Exports to the top five destinations accounted for 41.2% of the total exports, basically unchanged from March.

Covid-induced factory closures overseas boosted China’s aluminium plate/sheet and strip exports earlier, but this positive impact has faded after overseas production resumed. This, combined with cooling global economy, caused China’s aluminium plate/sheet and strip exports to keep falling since the second half of 2022. SMM expects that the monthly exports will remain low between 200,000-250,000 mt in the future.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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China imported 12,700 mt of refined zinc in March, up 170.37% on the month but down 40.09% on the year. The imports totalled 19,300 mt in the first three months of 2023, down 53.75% YoY, while total exports of refined zinc during the same period stood at 2,400 mt. This pointed to net imports of 16,900 mt.

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China’s Aluminium Plate/Sheet And Strip Exports Fell Significantly In April And To Remain Sluggish In The Future

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