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Customs data shows that in June, China's copper plate/sheet and strip exports covered 97 countries and regions, with total exports pulling back both YoY and MoM. Specifically, among the countries and regions with the highest copper plate/sheet and strip exports from China in June, South Korea ranked first with 1,322 mt, up 3.4% YoY, continuing its positive trend; India exported 889 mt, surging 8.6% YoY, indicating significant demand growth; Vietnam exported 899 mt, but fell 36.9% YoY, showing pressure in performance. In addition, copper plate/sheet and strip exports to Indonesia and Malaysia saw prominent increases. Indonesia exported 417 mt, soaring 108.5% YoY; Malaysia exported 662 mt, up 41.1% YoY. As an important ASEAN country, Indonesia became one of the beneficiary markets for the shift in exports. In June, exports to the US rebounded, increasing by 24 mt compared to May and up 27.1% YoY; in addition, exports to Japan and Saudi Arabia cooled down, with copper plate/sheet and strip exports falling 46.6% and 62.7% YoY, respectively. Under the adjustment of the export pattern, the demand in some traditional markets contracted significantly.
The structure of China's copper plate/sheet and strip export trade modes exhibits distinct characteristics. Data from June shows that Processing with Imported Materials was the primary mode, with exports reaching 6,848 mt, accounting for 66.2% of the total; Processing and Assembling had exports of 1,674 mt, accounting for 16.2%; Ordinary Trade had exports of 1,322 mt, accounting for 12.8%; and other trade modes had exports of 497 mt, accounting for 4.8%. The collaborative efforts of diverse trade modes collectively shaped the export trade pattern in June.
(HS codes: 74091110, 74091190, 74091900, 74092100, 74092900, 74093100, 74093900, 74094000, 74099000)
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