安泰科7月中国铝相关产品进出口简析：铝土矿进口持续高位 下游产品出口仍具韧性

Core Insights - The article discusses the import and export trends of aluminum-related products in China for July 2025, highlighting the resilience of aluminum exports despite global trade tensions and tariffs imposed by the United States [1]. Group 1: Bauxite Imports - Bauxite imports reached 20.06 million tons in July, marking a month-on-month increase of 10.7% and a year-on-year increase of 34.2% [2]. - Imports from Guinea accounted for 15.94 million tons, up 19.6% month-on-month and 52.0% year-on-year, while imports from Australia were 3.13 million tons, up 3.9% month-on-month but down 19.4% year-on-year [2]. - The average import price of bauxite fell to $74.9 per ton, down 4.9% month-on-month but up 13.5% year-on-year [2]. Group 2: Alumina Trade - China maintained a net export position for alumina, with a net export volume of 104,000 tons in July, up 48.5% month-on-month [4]. - Alumina imports totaled 126,000 tons, up 24.4% month-on-month and 78.2% year-on-year, primarily from Indonesia and Australia [4]. - Cumulative alumina exports from January to July reached 1.572 million tons, a year-on-year increase of 64.3% [4]. Group 3: Primary Aluminum Trade - Primary aluminum imports in July were 248,000 tons, up 29.1% month-on-month and 91.2% year-on-year [6]. - Exports of primary aluminum reached 41,000 tons, marking a significant increase of 108.9% month-on-month and 116.7% year-on-year [6]. - Cumulative imports from January to July totaled 1.498 million tons, a year-on-year increase of 11.0% [6]. Group 4: Aluminum Alloy Trade - Aluminum alloy imports decreased to 69,000 tons in July, down 10.6% month-on-month and 28.4% year-on-year [7]. - Exports of aluminum alloys were 25,000 tons, down 3.3% month-on-month but up 38.3% year-on-year [7]. Group 5: Scrap Aluminum Imports - Scrap aluminum imports reached 160,000 tons in July, up 3.1% month-on-month and 18.7% year-on-year [10]. - Cumulative imports from January to July totaled 1.173 million tons, a year-on-year increase of 8.3% [11]. Group 6: Aluminum Product Exports - Aluminum product exports in July were 475,000 tons, up 7.4% month-on-month but down 13.2% year-on-year [14]. - The top five export destinations included Mexico, India, Vietnam, South Korea, and Thailand, with varying month-on-month growth rates [14]. - Cumulative aluminum product exports from January to July totaled 3.181 million tons, a year-on-year decrease of 10.5% [14]. Group 7: Aluminum Wheel Exports - Aluminum wheel exports reached 88,000 tons in July, up 1.5% month-on-month and 15.2% year-on-year [19]. - The United States, Japan, and Mexico were the primary importers, accounting for 56.3% of total exports [19]. - Cumulative exports from January to July totaled 579,000 tons, a year-on-year increase of 6.6% [20]. Group 8: Overall Export Trends - The combined exports of aluminum materials and products from January to July totaled 5.211 million tons, a year-on-year decrease of 3.4% [22]. - The impact of U.S. tariffs on global aluminum trade is expected to gradually manifest, affecting China's aluminum product exports [22].