1. Import and export volume of copper plate/strip
1.1 China mainland's Nov copper plate/strip imports increase by 1.71% MoM
China mainland's copper plate/strip import increased by 127 tonnes or 1.71% month on month to 7,534 tonnes in November, and the increase was mainly from Taiwan China, Germany and South Korea, which increased by 297 tonnes, 141 tonnes and 103 tonnes respectively month on month, according to the General Administration of Customs of the People's Republic of China (GACC). However, the import in November decreased by 754 tonnes or 9.10% year on year. As of November, the cumulative imports of copper plate/strip in 2023 decreased by 22,326 tonnes or 24.18% year on year to 69,999 tonnes.
Data Source: GACC, Mysteel
1.2 China mainland's Nov copper plate/strip exports increase by 15.09% MoM
China mainland's copper plate/strip export increased by 1,214 tonnes or 15.09% month on month and 1,854 tonnes or 25.04% year on year to 9,260 tonnes in November, according to GACC. In addition, the cumulative copper plate/strip exports increased by 1,784 tonnes or 1.92% year on year to 94,876 tonnes in January-November.
Data Source: GACC, Mysteel
1.3 China mainland's Nov copper plate/strip net imports decrease by 170.39% MoM
China mainland's copper plate/strip net imports decreased by 170.39% month on month and 295.72% year on year to -1,726 tonnes in November. The cumulative net imports decreased by 3,145.74% year on year to -24,877 tonnes in January-November.
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 November were relatively concentrated in Japan, South Korea, Germany, Taiwan China, and Finland. The imports from these top five countries/regions were 7,251 tonnes, which accounted for 96.24% of the total. Wherein, Japan, South Korea, and Germany were the top three countries, and exported 6,371 tonnes to China mainland in November, accounting for 84.57% of China's copper plate/strip total imports.
Data Source: GACC, Mysteel
Major Importing Countries/Regions of China Mainland Copper Strip in Nov 2023 | |||||
Countries/Regions | Import in Nov 2023 (kt) | MoM | YoY | Import in Jan-Nov 2023 (kt) | YoY |
Japan | 3 | -3.98% | -13.55% | 27.8 | -24.11% |
South Korea | 2.4 | 4.52% | 7.59% | 21.5 | -5.16% |
Germany | 1 | 15.90% | -34.41% | 10.2 | -34.81% |
Taiwan China | 0.8 | 60.59% | 24.84% | 5.6 | -26.17% |
Finland | 0.1 | -54.40% | -3.26% | 1.7 | -4.71% |
Others | 0.2 | -39.02% | -22.89% | 3.2 | -59.87% |
Total | 7.5 | 1.71% | -9.10% | 70 | -24.18% |
Data Source: GACC, Mysteel |
2.2 Top ten countries/regions for exports
China mainland's exports of copper plate/strip were relatively balanced and scattered. The top ten countries/regions whose imports from China mainland in November increased by 27.16% year on year to 6,725 tonnes, accounting for 72.62% of China mainland's total copper plate/strip exports, were Vietnam, Japan, India, Malaysia, Taiwan China, Thailand, Turkey, South Korea, the US, and Indonesia.
Data Source: GACC, Mysteel
Major Exporting Countries/Regions of China Mainland Copper Strip in Nov 2023 | |||||
Countries/Regions | Export in Nov 2023 (kt) | MoM | YoY | Export in Jan-Nov 2023 (kt) | YoY |
Vietnam | 1.8 | 81.89% | 68.80% | 11.9 | 20.02% |
Japan | 0.8 | -9.00% | 10.72% | 8.5 | -20.67% |
India | 0.7 | 29.44% | 57.64% | 6.8 | 33.01% |
Malaysia | 0.6 | 20.37% | 65.72% | 5.4 | 1.57% |
Taiwan China | 0.6 | 15.43% | 90.66% | 5.2 | -11.73% |
Thailand | 0.5 | 12.73% | 49.78% | 4.7 | -2.93% |
Turkey | 0.5 | 70.83% | 67.26% | 3.9 | 273.05% |
South Korea | 0.5 | 14.80% | -61.60% | 10.3 | -23.58% |
US | 0.4 | 16.49% | 56.03% | 2.9 | -38.22% |
Indonesia | 0.3 | 72.19% | 35.51% | 3 | -5.76% |
Others | 2.6 | -13.01% | 19.75% | 32.3 | 11.75% |
Total | 9.3 | 15.09% | 25.04% | 94.9 | 1.92% |
Data Source: GACC, Mysteel |
Written by Edenlis Huang, huangting@mysteel.com
Edited by Paula Xu, xuzhongping@mysteel.com