SMM June 27 News:
According to the latest customs data, China’s imports of unwrought zinc alloy reached 4,285.04 mt in May, up 13.60% MoM and 21.62% YoY. Exports fell to 168.68 mt, down 86.84% MoM and 79.09% YoY.
From the perspective of specific importing and exporting countries
The top three countries for China’s unwrought zinc alloy imports in May were South Korea (1,370.46 mt), Malaysia (1,197.89 mt), and Japan (595.73 mt), accounting for 31.98%, 27.96%, and 13.90% of China’s total imports in May, respectively. Although Japan remained among the top three importing countries, MoM data showed that China’s imports from Japan fell by 33.21% this month. Additionally, the quantities of die-casting zinc alloy imported from Vietnam and Australia also decreased.
From the export perspective, the top three countries for China’s exports in May were Vietnam (68.21 mt), Bangladesh (37.31 mt), and Uzbekistan (33.83 mt), accounting for 40.44%, 22.12%, and 20.06% of China’s total exports in May, respectively. Vietnam and Bangladesh recorded MoM changes of -55.89% and 20.94%, respectively. After Taiwan, China received a large amount of alloy from China in April, exports to Taiwan, China fell sharply to 0 mt in May.
In May, China’s imports of unwrought zinc alloy increased slightly both MoM and YoY, while exports fell significantly due to a sharp decline in imports from Taiwan, China. What’s next for China’s import and export orders of unwrought zinc alloy? From the import side, June gradually enters China’s seasonal consumption off-season. With weak domestic demand, the market’s demand for imported zinc alloy is expected to pull back slightly. Meanwhile, recent feedback from enterprises indicates that orders for unwrought zinc alloy exported to Southeast Asia remain relatively stable overall. However, due to macro uncertainties and factors such as production cycles and shipping, there will be some interference in the imports of die-casting zinc alloy. Therefore, it is expected that China’s exports of unwrought zinc alloy in June will continue to remain at a relatively low level.
(Source)