South Korea this year, aluminum sheet and aluminum foil sales will grow steadily
According to the Korea Nonferrous Metals Association predicted that with the automotive wheels, precision parts demand growth, 2017 pure aluminum domestic demand is expected to 1.199 million tons, aluminum alloy demand 370,000 tons, respectively, year on year increase of 0.2% and 1.4% The It is expected that imports of aluminum in 2017 will reach 1.57 million tons, an increase of 0.5% over the same period in 2016 to 156.1737 million tons.
In 2016, South Korea's total domestic demand for aluminum block was 1,196,600 tons, an increase of 14.5% compared to 2015; aluminum alloy domestic demand in South Korea total 3.65 million tons, down 6.5% year-on-year in 2015; aluminum total domestic demand growth Up 8.8%, is expected this year the total demand for 1.569 million tons, year on year there is a certain growth; South Korea pure aluminum exports 1068 tons. South Korea is expected in 2017 exports of 1,000 tons of aluminum, down 6.4%, aluminum exports 90,000 tons, down by 2.7% in 2016.
On the other hand, in 2016, South Korea's imports of scrap metal 71.51 million tons, compared to 7.55 million tons in 2015 have a certain decline, the average monthly imports of 59,500 tons. In 2014, Nuobei Lisi Korea Rongzhou recycling center of waste aluminum cans re-use of equipment put into operation, a direct result of substantial imports of aluminum imports, but also the first time in the history of 800,000 tons. As of April this year, South Korea's imports of aluminum is 70,800 tons per month, imports in April 73,300 tons, imports for two consecutive months more than 70,000 tons. According to the April average monthly imports, South Korea this year, the annual imports of aluminum will reach 850,000 tons.
South Korea's total demand for aluminum in 2016 was 1.0142 million tons, down 9.4% year on year. According to the Korea Nonferrous Metals Association, South Korea's aluminum domestic demand this year, total 55.9 tons, an increase of about 1.8%, exports 46.8 tons, an increase of 0.6%, total demand for 102.7 tons, an increase of 1.3%; Sales of 81.2 tons, an increase of 1.2%, imports 21.5 tons, an increase of 1.7%.
From January to April this year, the total domestic sales of five major aluminum sheet enterprises in Korea were 12.91 tons, an increase of 6.9% over the same period in 2016 and a total export volume of 155,300 tons, up 6% year on year. It is expected that domestic demand for aluminum foil will decrease by 2.6% this year. Benefit from domestic production increase and export growth. It is expected to export 64,000 tons of aluminum foil this year, an increase of 4.1% over the same period of last year.
It is expected that the total sales of aluminum foil in Korea will reach 93,000 tons in 2017, an increase of 1.3% over the same period of last year, and the import volume is 46,000 tons, down by 1.4%. January to April this year, South Korea's imports of aluminum foil 17,500 tons, an increase of 23.1%, of which imports from China 15635 tons, accounting for 89.1% of total imports. Compared to 86.3% last year, there is a certain increase.
However, due to construction and construction industry continued to slump, equipment investment slowdown, aluminum extrusion industry this year will not have much change. South Korea's domestic aluminum extrusion industry demand is expected to total 30.25 tons, down 7.6%, exports 2.6 tons, an increase of 1.3%, due to reduced domestic demand in South Korea, the total demand for 328,500 tons, down 6.9%. Aluminum extrusion industry is expected this year, total sales of 319,000 tons, down 7.3%; imports 9500 tons, an increase of 8.7%.
On the other hand, South Korea is expected to total domestic aluminum processing products demand 93.65 million tons, down 1.8%, exports 558,000 tons, an increase of 1%. Aluminum processing products this year, total sales of 1.124 million tons, down 1.2%, imports 27.05 million tons, an increase of 1.4%.