1. Import and export volume of copper plate/strip
1.1 China mainland's Jul copper plate/strip imports increase by 5.65% MoM
China mainland's copper plate/strip import increased by 314 tonnes or 5.65% month on month to 5,875 tonnes, and the increase was mainly from Japan which increased by 412 tonnes month on month, according to the General Administration of Customs of the People's Republic of China (GACC). However, it decreased by 2,279 tonnes or 27.95% year on year. As of July, the total imports of copper plate/strip in 2023 decreased by 19,671 tonnes or 32.05% year on year to 41,707 tonnes.
Data Source: GACC, Mysteel
1.2 China mainland's Jul copper plate/strip exports decrease by 6.63% MoM
China mainland's copper plate/strip export decreased by 623 tonnes or 6.63% month on month and 1,366 tonnes or 13.46% year on year to 8,785 tonnes in July, according to GACC. Thus, the total copper plate/strip exports decreased by 1,078 tonnes or 1.75% year on year to 60,363 tonnes in Jan-Jul.
Data Source: GACC, Mysteel
1.3 China mainland's Jul copper plate/strip net imports increase by 24.37% MoM
China mainland's copper plate/strip net imports increased by 24.37% month on month but decreased by 45.77% year on year to 2,910 tonnes in July. The total net imports decreased by 99.66% year on year to 18,656 tonnes in Jan-Jul.
Data Source: GACC, Mysteel
2. Major import and export countries/regions
2.1 Top five countries/regions for imports
China mainland's copper plate/strip imports in July were relatively concentrated in Japan, South Korea, Germany, Taiwan China, and Finland. The imports from these top five countries/regions were 5,578 tonnes, which accounted for 94.96% of the total. Wherein, Japan, South Korea, and Germany were the top three countries, and exported 4,985 tonnes to China mainland in July, accounting for 84.85% of China's copper plate/strip total imports.
Data Source: GACC, Mysteel
Major Importing Countries/Regions of China Mainland Copper Strip in July 2023 | |||||
Countries/Regions | Import in July 2023 (kt) | MoM | YoY | Import in Jan-Jul 2023 (kt) | YoY |
Japan | 2.5 | 16.60% | -23.32% | 16.6 | -31.44% |
South Korea | 1.8 | -1.41% | -14.47% | 12.6 | -12.98% |
Germany | 0.7 | -16.18% | -57.04% | 6.3 | -36.21% |
Taiwan China | 0.5 | 0.40% | -21.50% | 3.3 | -37.88% |
Finland | 0.1 | 5.83% | -40.06% | 1 | -9.76% |
Others | 0.3 | 10.64% | -26.50% | 1.9 | -69.95% |
Total | 5.9 | 5.65% | -27.96% | 41.7 | -32.05% |
Data Source: GACC, Mysteel |
2.2 Top ten countries/regions for exports
China mainland's exports of copper plate/strip are relatively balanced and scattered. The top ten countries/regions whose imports from China mainland in July decreased by 9.13% year on year to 5,858 tonnes, accounting for 66.69% of China mainland's total copper plate/strip exports, were Vietnam, South Korea, India, Malaysia, Taiwan China, Thailand, Canada, Japan, Italy and Turkey.
Data Source: GACC, Mysteel
Major Exporting Countries/Regions of China Mainland Copper Strip in July 2023 | |||||
Countries/Regions | Export in July 2023 (kt) | MoM | YoY | Export in Jan-Jul 2023 (kt) | YoY |
Viet Nam | 1 | -0.38% | 20.37% | 6.9 | 3.57% |
South Korea | 0.7 | -8.66% | -63.17% | 7.9 | -0.70% |
India | 0.7 | -13.01% | 5.12% | 4.5 | 45.44% |
Malaysia | 0.7 | 63.11% | -1.11% | 3 | -12.37% |
Taiwan China | 0.5 | -2.07% | 30.78% | 2.8 | -31.83% |
Thailand | 0.5 | -11.99% | -25.09% | 2.9 | -9.28% |
Canada | 0.5 | 61.17% | 746.50% | 1.8 | 26.80% |
Japan | 0.5 | -21.27% | -52.16% | 5.6 | -17.75% |
Italy | 0.4 | -2.54% | 1070.10% | 2.2 | 1771.89% |
Turkey | 0.4 | -15.11% | 244.60% | 2.6 | 418.79% |
Others | 2.9 | -0.51% | -9.13% | 20.2 | -2.16% |
Total | 8.8 | -6.63% | -13.46% | 60.4 | -1.75% |
Data Source: GACC, Mysteel |
Written by Edenlis Huang, huangting@mysteel.com
Edited by Paula Xu, xuzhongping@mysteel.com