Among export registration locations, the top three provinces in December were Guangdong, Shandong, and Jiangsu. Chongqing saw a surge in export volumes, while other provinces experienced significant declines.
For export destinations, Vietnam ranked first in December, accounting for 10 per cent of exports, followed by Israel at 8 per cent and the Philippines at 5 per cent.
In summary, the cancellation of the aluminium semis export tax rebate policy in December led to a rush in November, causing a significant pullback in December export volumes. Currently, SMM has learned that some companies, concerned about potential overseas tariff hikes, are still actively producing export orders, but the scale remains limited and cannot offset the overall downward trend in export volumes. January aluminium semis exports are expected to continue weakening MoM, and attention should be paid to changes in overseas aluminium semis tariffs.
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