According to the latest import and export data released by the General Administration of Customs of China, China achieved significant growth in unwrought aluminum and aluminum products, aluminum ore sand and its concentrate, and aluminum oxide in April, demonstrating China’s important position in the global aluminum market.
Firstly, the import and export situation of un forged aluminum and aluminum materials. According to data, the import and export volume of unforged aluminum and aluminum materials reached 380000 tons in April, a year-on-year increase of 72.1%. This indicates that China’s demand and production capacity in the global aluminum market have both increased. At the same time, the cumulative import and export volume from January to April also achieved double-digit growth, reaching 1.49 million tons and 1.49 million tons respectively, a year-on-year increase of 86.6% and 86.6%. This data further confirms the strong growth momentum of the Chinese aluminum market.
Secondly, the import situation of aluminum ore sand and its concentrate. In April, the import volume of aluminum ore sand and concentrate in China was 130000 tons, a year-on-year increase of 78.8%. This indicates that China’s demand for aluminum ore sand is constantly increasing to support its demand for aluminum production. Meanwhile, the cumulative import volume from January to April was 550000 tons, a year-on-year increase of 46.1%, indicating the stable growth of China’s aluminum ore market.
In addition, the export situation of alumina also reflects the enhancement of China’s aluminum production capacity. In April, the export volume of alumina from China was 130000 tons, a year-on-year increase of 78.8%, which is the same as the import growth rate of aluminum ore. This further proves China’s competitiveness in the field of alumina production. Meanwhile, the cumulative export volume from January to April was 550000 tons, a year-on-year increase of 46.1%, which is the same as the cumulative import growth rate of aluminum ore sand, once again verifying the stable growth trend of the alumina market.
From these data, it can be seen that the Chinese aluminum market is showing strong growth momentum. This is supported by the steady recovery of the Chinese economy and the sustained prosperity of the manufacturing industry, as well as the continuous enhancement of China’s competitiveness in the global aluminum market. China is both an important buyer, importing a large amount of aluminum materials and aluminum ore to meet the needs of its manufacturing industry; At the same time, it is also an important seller that participates in the global aluminum market competition by exporting un forged aluminum, aluminum materials, and aluminum oxide products. This trade balance helps to maintain stability in the global aluminum market and promotes economic cooperation among countries.