SMM News on June 27:
According to the latest customs data, China’s imports of die-casting 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 import and export countries:
The top three countries for China’s die-casting 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, imports from Japan fell by 33.21% MoM this month. In addition, 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, alloy exports to Taiwan, China fell sharply to 0 mt in May.
In May, China’s imports of die-casting zinc alloy increased slightly both YoY and MoM, while exports fell significantly due to a sharp decline in imports from Taiwan, China. What will be the subsequent development of China’s import and export orders for die-casting zinc alloy? From the import perspective, June gradually enters China’s seasonal consumption off-season. Under weak domestic demand, the market’s demand for imported zinc alloy is expected to pull back slightly. Meanwhile, enterprises have recently reported that orders for die-casting zinc alloy exported to Southeast Asia are generally stable, but there is still some uncertainty due to macro factors. Production cycles and shipping will also have a certain impact on imports of die-casting zinc alloy. Therefore, it is expected that China’s exports of die-casting zinc alloy in June will continue to remain at a low level.
(The above information is based on market collection and comprehensive assessment by the SMM research team. The information provided in this article is for reference only. This article does not constitute direct advice for investment research decisions. Clients should make cautious decisions and not rely on this as a substitute for independent judgment. Any decisions made by clients are unrelated to SMM.)
Click to view the SMM Metal Industry Chain Database
(Source)