Metallurgy / Chemicals / Rubber & Plastics

The spokesman of China Minmetals Chemical Import and Export Chamber of Commerce said that in the first four months of this year, the total import and export volume of China Minmetals Chemical Industry was 641.4 billion US dollars, up 0.9% year on year. Among them, the export value was 239.6 billion US dollars, a year-on-year increase of 5.2%; The import volume was 401.8 billion US dollars, a year-on-year decrease of 1.5%.

Since this year, the export of China Minmetals chemical industry has significantly stabilized, and it is expected that the export will achieve a small growth throughout the year. In terms of import, affected by the decline in commodity prices, China Minmetals' chemical industry import has declined since this year, and the current trend is expected to continue, with a slight decline in imports throughout the year.

Strong driving effect of electric vehicle battery raw material export

Import and export data shows that in the first four months, the export value of chemical products reached 104.9 billion US dollars, a year-on-year increase of 3.1%, accounting for 43.8% of the industry's total export volume; The export value of hardware and building materials products reached 77.1 billion US dollars, a year-on-year increase of 6.4%, accounting for 32.2% of the industry's total export volume; The export value of mineral products reached 57.7 billion US dollars, a year-on-year increase of 7.5%, accounting for 24.1% of the industry's total export volume.

From the perspective of export market, at present, China Minmetals' chemical industry's exports to South Korea, India and Vietnam show year-on-year growth, while its exports to the United States and Japan show year-on-year decline. According to import and export data, in the first four months, China Minmetals' chemical industry exported US $17.4 billion to South Korea, up 19.1% year on year; Exports to India reached 11.9 billion US dollars, a year-on-year increase of 7.1%; Exports to Vietnam reached 10.9 billion US dollars, a year-on-year increase of 7%; Exports to the United States amounted to $20 billion, a year-on-year decrease of 20.1%; Exports to Japan reached 10.5 billion US dollars, a year-on-year decrease of 5%.

There are two main reasons for the substantial growth of China Minmetals' chemical industry's export to South Korea. "On the one hand, the surge in demand for electric vehicle batteries has pushed up the market's demand for Lithium hydroxide, an important part of lithium-ion batteries, and South Korea's imports of Lithium hydroxide have surged. Import and export data show that in the first four months, China's Lithium hydroxide exports to South Korea amounted to 1.8 billion dollars, a year-on-year increase of 368.2%, driving the industry's export growth to 9.6 percentage points. Excluding Lithium hydroxide, China Minmetals chemical industry exports 15.6 billion dollars to South Korea, A year-on-year increase of 9.5%. On the other hand, the implementation of the Regional Comprehensive Economic Partnership (RCEP) has also promoted the rapid growth of China Minmetals' chemical industry exports to South Korea. " A spokesperson for the Minmetals Chamber of Commerce said.

Import prices of bulk mineral products have fallen

In the first four months, China's import of mineral products reached $185.1 billion, a year-on-year increase of 10.6%, accounting for 46.1% of the industry's total import volume; The import volume of chemical products reached 205.9 billion US dollars, a year-on-year decrease of 9.3%, accounting for 51.2% of the industry's total import volume; The import value of hardware and building materials products reached 10.8 billion US dollars, a year-on-year decrease of 20.3%, accounting for 2.7% of the industry's total imports.

From the perspective of the import market, currently, China's imports of five minerals and chemical products from Australia and Indonesia have achieved double-digit year-on-year growth, while imports from Saudi Arabia and Brazil have decreased year-on-year. In the first four months, China imported five minerals and chemical products from Australia worth 47.8 billion US dollars, a year-on-year increase of 12.8%; Import from Indonesia reached 19.5 billion US dollars, a year-on-year increase of 12.8%; Import from Saudi Arabia reached 22.5 billion US dollars, a year-on-year decrease of 11.1%; Imports from Brazil amounted to $17 billion, a year-on-year decrease of 3.1%.

According to import and export data, in the first four months, China's crude oil imports amounted to 178.78 million tons, a year-on-year increase of 4.6%, with an import value of 104.4 billion US dollars, a year-on-year decrease of 11.8%, and an average unit price decrease of 15.7%; The import volume of iron ore was 384.87 million tons, a year-on-year increase of 8.7%, with an import value of 43.3 billion US dollars, a year-on-year decrease of 4.8%, and an average unit price decrease of 12.4%; The import volume of copper ore was 8.76 million tons, a year-on-year increase of 6.7%, with an import value of 19.1 billion US dollars, a year-on-year decrease of 6.6%, and an average unit price decrease of 12.5%.