China's Copper Products Foreign Trade 2010 Analysis and 2011 Outlook (2)

Major foreign trade of copper products:

Contrary to 2009, the amount of foreign trade in copper strips in 2010 is a relatively large increase in copper products, and the export momentum is obviously stronger than that of imports. The ratio of imports and exports fell by 1.5, indicating strong export momentum. It is expected that the foreign trade of copper strips will continue to grow in 2011, but the growth rate of imports and exports will be reduced.

China's imports of copper plates and strips are mostly imported and processing materials, with annual imports of 93,300 t and 42,100 tons, respectively, an increase of 23.17% and 2.59% over the previous year. The sum of the two accounts for the total imports. The amount of 79.32%.

The imports of copper strips and strips are mainly from Taiwan and Japan, and the destination with the largest export volume is still Hong Kong, China (the annual export volume was 20,400 tons, an increase of 42.04% over the same period of last year).

China's import of copper strips is mainly concentrated in Guangdong, the annual import of 111.7 million tons, an increase of 14.68% over the previous year, accounting for 65.46% of the country.

It is expected that with the further improvement of the international market demand and the gradual release of high-precision copper strip production capacity in China, the export of strips will continue to grow in 2011; while the import volume will gradually stagnate under the substitution of domestic strips and strips. The growth momentum has shown a slight decline.

Copper foil The first recovery of the global electronics industry in the global economy has promoted the growth of foreign trade in copper foil (including copper foil with backing), and it has become the first product in 2010 to exceed the level of 2008 in the import and export volume of copper products. The year-on-year increase in import and export volume was similar, with the ratio of imports and exports slightly rising.

In the export trade mode, the import processing and export volume was the highest, reaching 161,200 tons in the whole year, a year-on-year increase of 23.16%; accounting for 79.49% of the total export volume.

In the foreign trade of copper foil, Hong Kong, China is a concentrated area for the export of copper foil, accounting for 58.07% of the total export volume; copper foil from China Taiwan has the largest import volume, accounting for 41.36% of the total.

The import of copper foil was mainly based on feed processing. It reached 171,200 tons in the year, an increase of 19.14% year-on-year, accounting for 49.14% of the total import volume.

The area of ​​domestic copper foil imports is concentrated in Guangdong Province. The annual import volume reached 234,800 tons, an increase of 19.25% over the previous year, accounting for 67.79% of the national import volume. The area of ​​copper foil exports is also concentrated in Guangdong, with annual export of 106,900 tons, an increase of 20.52% over the same period of last year, accounting for 52.69% of total exports.

It is expected that China’s support for high-tech products—the foreign trade policy of copper foil exports, combined with the improvement of the global economy, will promote the further growth of the export volume of copper foil in 2011. Among them, the year-on-year increase in exports will still be higher than imports.

Copper pipes Due to the important export destination of copper pipes in China, the United States, imposes high anti-dumping duties on refined copper pipes from China, which caused the continued suspension of exports of Chinese copper pipes (including pipe fittings) in 2010. The year-on-year increase in volume was the lowest among copper products.

Among them, 8 kinds of copper tubes (hereinafter referred to as “copper tubes”) containing no tube attachments have an annual export volume of 165,800 tons, which is a year-on-year decrease of 7.26%, accounting for 68.14% of the total exports of copper tubes and tube accessories; the import volume is 30,400. t, a year-on-year increase of 18.48%, 89.96% of total imports; net exports of 135,400 tons, a year-on-year decrease of 11.56%.

The export method of copper pipes was mainly feed processing. The annual export volume was 131,000 tons, a year-on-year decrease of 11.41%, accounting for 79.01% of the total copper pipe exports. Copper pipe exports concentrated in Zhejiang (59,700 t, down 2.45% year-on-year), Henan (38,600 t, down 25.19%) and Shanghai (27,800 t, down 17.01%).

The main destinations for copper exports from China are in 153 countries and regions all over the world. Among them, exports to the United States are still the most, but the rate of decline has reached 48.45% year-on-year to 24,600 tons; followed by China Taiwan (16,100 tons, an increase of 46.45%). ) and India (10,900,000, an increase of 42.19%, it can be seen that after China’s copper pipe exports encountered resistance in the United States, it has increased its export intensity to other countries and regions. In addition, the following data can also prove that there is no anti-dumping proposal in the United States. In 2008, the export volume of copper pipes to the United States was 59,300 tons, accounting for 27.24% of the total imports in the same year. In 2009, the export volume to the United States was 47,700 tons, accounting for 26.66% of the total imports in the same year; in 2010, it accounted for only 14.82%. It shows that the proportion of copper pipes exported to the United States has begun to drop sharply. The high tax rate of anti-dumping will not have a fatal blow to the export of copper pipes from China, and the impact will weaken year by year.

In the environment of protectionism and slow recovery of international market demand, the rapid growth of copper exports in recent years has encountered unprecedented difficulties. However, from the analysis of export data in 2010, copper pipe exports in 2011 will come out of the trough and re-enter the track of annual growth.

Copper wire In the foreign trade of copper products in China, copper wire is an important imported product, and its import and export gap is the largest. The main factor is the large demand in the domestic market, and the relatively low average price of the cumulative imports of rough-processed products is one of the main factors that have kept the import volume high.

In 2010, China’s imports of copper wire were mainly based on feed processing trade, reaching 190,300 tons in the year, an increase of 5.38% year-on-year, accounting for 70.79% of total imports. Domestic imports of copper wire concentrated in Guangdong Province, the annual import volume reached 176,500 tons, a year-on-year decrease of 2.54%, which is 65.66% of the total import volume; followed by Jiangsu (37,500 tons, an increase of 2.46%) and Shandong (13,300 tons) ).

The import of copper wire is still mainly from South Korea and Taiwan, and the import volume of the two imports accounted for 32.87% and 26.95% of the total import volume. In addition, the import volume from Kazakhstan increased by 2211.67% from the same period of last year to 27,700 tons, which is cause for concern.

In 2011, the construction of China's electricity and power grids will continue, and the country will increase the transformation of rural power grids, making China's copper wire demand remain strong. At the same time, the successive start-up and start-up of China's high-level production line of copper wire rod products will greatly promote the growth of copper wire foreign trade. It is expected that the export volume of copper wire in China will maintain a growth trend in 2011; however, imports will show a steady decline.

Copper powder The export of copper powder in 2010 was highly active, becoming a further category of net export of copper products after copper pipes, although the net export volume was only 348 tons. It is expected that the foreign trade of copper powder in 2011 will continue the continuous growth of exports in 2010 and the import volume will decline slightly.

Copper Products China's copper products trade in 2010 was relatively active, with imports of 49,673 tons, an increase of 8.26% year-on-year; exports of 59,066 tons, a year-on-year increase of 24.24%, and net exports of 9,393 tons, a year-on-year increase of 4.6 times or more. Under the sluggish export situation for several consecutive years, 2010 showed a strong trend.

The import trade of copper products was mainly imported and processed by imported materials. In 2010, they reached 30,100 tons and 14,200 tons, respectively, an increase of 5.38% and 22.73% respectively. In the export trade mode, general trade accounted for nearly 65.97% of total exports to 39,000 tons, an increase of 35.90% over the same period of last year.

Exports of copper products were concentrated in Guangdong (22,191t, a slight increase of 0.83% over the previous year) and Zhejiang (21,700t, an increase of 35.87%); the pre-imported regions were Jiangsu (17,378t, an increase of 20.13% over the same period), and Guangdong (13,804t, up A slight increase of 0.44%) and Shandong (11818t, an increase of 25.50%).

The export of copper products in 2010 was refreshing, showing that the export competitiveness of copper products produced in China has increased significantly. Although there are not many high value-added products exported, there is still a large foreign trade deficit.

It is expected that the growth of copper products exports will continue in 2011, and the growth rate will also be ahead of imports.

3. Summary In 2010, the foreign trade of copper products continued to be active under the backdrop of the improvement in international market demand and the rapid recovery of the Chinese economy. The import of various types of copper products has ensured the normal production and market supply of domestic copper enterprises; the export of copper products and products has added a broader sales channel for processing enterprises and made due contributions to China's economic development. And laid a good foundation for the future development of China’s copper products trade.

It is expected that the foreign trade of copper products will continue to be active in 2011: the release of domestic copper smelting and refining capacity will promote the continued growth of imports of copper raw materials; the import of refined copper will adjust the import volume under the combined influence of domestic demand and output increase and market factors. Increases and decreases; foreign trade of copper and copper products will show exports to grow further with the recovery of international market demand, while imports of copper and copper products will show a slight decline under the pressure of increasing domestic product competitiveness.

In addition, the foreign trade of copper products also needs the stability and support of the national policies, especially the export of refined copper and copper products, and further policy support to promote the export activity. At the same time, the copper industry companies still need to continue to insist on product innovation and structural adjustment, as well as investment in energy saving, cost reduction, and avoid and actively respond to the various trade barriers set by a few countries on Chinese products, and maintain China’s copper products trade. Healthy development.

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