Monthly Aluminum Market Report Jan 2024
2024-02-07 16:54:14 【Print】
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1 Market Highlights 5
1.1 Chinese origin bauxite 5
1.2 Imported bauxite 5
1.3 Alumina 5
1.4 Aluminum fluoride 5
1.5 Primary aluminum 5
1.6 Secondary aluminum alloy ingot 5
1.7 Aluminum alloy ingot A356.2 5
1.8 Aluminum scrap 5
1.9 Aluminum bar 5
2 Policy and Economy 5
2.1 Indian govt to monitor steel, aluminum exports to US, demands concessional rates 5
2.2 China vows to boost construction of basic mining infrastructure 5
2.3 Marubeni: Aluminum stocks at Japan's 3 major ports fall in Dec 2023 m-o-m 5
2.4 EU mulling new embargo on Russian aluminum 5
3 Market Movements 5
3.1 Chinese Market 5
3.1.1 Price of Chinese origin bauxite keeps soring 5
3.1.2 Chinese origin alumina price goes up 6
3.1.3 Average price of Australian alumina soars 6
3.1.4 Price of Chinese aluminum fluoride declines significantly 6
3.1.5 Aluminum hydroxide price rises 6
3.1.6 Price of aluminum ingot 99.7%min declines 6
3.1.7 Restocking of aluminum alloy ingot ADC12 in China falls short of expectations 7
3.1.8 Chinese aluminum alloy ingot A356.2 market sees active dealing activities 7
3.1.9 Chinese cast aluminum scrap consumers active in restocking 7
3.1.10 TCs for Chinese aluminum bar 6063 keep dropping 8
3.2 International Market 8
3.2.1 Price of Guinean bauxite keeps rising 8
3.2.2 Export price of Australian alumina rebounds 8
3.2.4 Chinese aluminum fluoride export price moves down further 9
3.2.5 Price of imported cast aluminum alloy ingot rebounds after hitting bottom 9
3.2.6 Chinese aluminum alloy ingot ADC12 export market sees few deals 9
3.2.7 Chinese market sees few deals for imported Zorba aluminum scrap 9
4 Company News 9
4.1 Inalum invests in construction of new alumina refinery in West Kalimantan 9
4.2 Seng Hiap Metal increases bauxite production 10
4.3 Kaiman Aluminum cuts alumina production 10
4.4 Jinyang Advanced Material to restart aluminum fluoride production 10
4.5 Rusal's Siberian aluminium smelter production unaffected after fire 10
4.6 Ashapura restarts bauxite production in Guinea 10
4.7 Alcoa to curtail production at Kwinana alumina refinery 10
4.8 Montenegro UMD resumes bauxite production 10
4.9 Henan International restarts bauxite production 10
4.10 Zhongtian Chemical plans to suspend production 10
4.11 GBC plans to increase bauxite production 10
4.12 Suzhou Yadelin maintains secondary aluminum alloy production line 10
4.13 Kailong New Materials increases aluminum bar production 11
4.14 Mingdi Group to cut aluminum bar production 11
4.15 Shuofeng Aluminum to reduce aluminum bar production 11
4.16 Southeast Precision Technology puts aluminum bar into production 11
4.17 Yinhai Jiahao Aluminum Alloy to halt aluminum bar production 11
4.18 Jinlan Aluminum Products to maintain aluminum bar production equipment 11
4.19 Shengda Metal to suspend secondary aluminum alloy ingot production 11
4.20 Tonghe New Material to suspend secondary aluminum alloy ingot production for Spring Festival holiday 11
4.21 Lixin Aluminum maintains secondary aluminum alloy ingot production equipment 11
4.22 Guangyin Aluminum to cut aluminum bar production 11
5 Producers Statistics 12
5.1 Chinese alumina producers' operating rate down by 4.75% MOM in Jan 12
5.2 China's alumina output down by 5.32% MOM in Jan 12
5.3 Chinese aluminum fluoride producers' operating rate up by 47.61% YOY in Jan 13
5.4 China's aluminum fluoride output down by 9.69% MOM in Jan 13
5.5 China's aluminum fluoride inventory up by 10.62% MOM in late Jan 14
5.6 Chinese bauxite producers' operating rate down by 15.40% YOY in Jan 14
5.7 Chinese bauxite producers' output down by 17.67% YOY in Jan 15
5.8 Guinean bauxite producers' operating rate down by 13.34% MOM in Jan 15
5.9 Guinean bauxite producers' output down by 9.54% YOY in Jan 15
5.10 Chinese primary aluminum producers' operating rate records 84.24% in late Jan 16
5.11 China's primary aluminum output down by 0.1% MOM in Jan 16
5.12 China's primary aluminum inventory up by 120.15% MOM in late Jan 17
5.13 Chinese secondary aluminum alloy producers' operating rate records 42.64% in Jan 17
5.14 China's secondary aluminum alloy output down by about 5.28% MOM in Jan 18
5.15 China's secondary aluminum alloy inventory up by 26.37% MOM in late Jan 18
5.16 Chinese aluminum bar producers' operating rate records 49.86% in Jan 19
5.17 China's aluminum bar output down by 17.86% MOM in Jan 19
5.18 China's aluminum bar inventory up by 40.3% MOM in late Jan 20
6 Consumers Statistics 20
6.1 China's consumption of imported bauxite up by 15.30% YOY in Jan 20
6.2 China's inventory of imported bauxite down by 2.57% MOM in late Jan 21
6.3 China's consumption of domestic bauxite down by 16.31% MOM in Jan 21
6.4 China's inventory of domestic bauxite down by 27.42% YOY in late Jan 22
7. Customs Statistics 22
7.1 China's bauxite import volume up by 16.94% YOY in Dec 22
7.2 China's alumina imports up sharply by 107.64% MOM in Dec 23
7.3 China's anhydrous aluminum fluoride export volume down by 15.58% MOM in Dec 23
7.4 China's unwrought aluminum(Al＜99.95%) import volume increased 38.02% YoY in Dec 2023 24
7.5 China's unwrought aluminum alloy import volume grew 22.30% YoY in Dec 2023 25
7.6 China's unwrought aluminum alloy export volume increased 25.60% MoM in Dec 2023 26
7.7 China's aluminum scrap import volume grew 20.77% YoY in Dec 2023 27
8 Relevant Industry News 28
8.1 Fluorspar price declines 28
8.2 Liquid caustic soda price moves down 28
9 Market Outlook for Next Month 28
9.1 Chinese market 28
9.1.1 Bauxite Al/Si=5.0 delivered China 28
9.1.2 Alumina 98.5%min EXW China 28
9.1.3 Australian alumina 98.5%min delivered at Chinese ports 28
9.1.4 Aluminum fluoride 61%min EXW China 28
9.1.5 Aluminum hydroxide 64.5%min EXW China 28
9.1.6 Fluorspar dry powder 97%min delivered China 28
9.1.7 Liquid caustic soda 32%min delivered China 28
9.1.8 Aluminum ingot 99.7%min 28
9.1.9 Cast aluminum alloy ingot ADC12 EXW China 28
9.1.10 Aluminum bar 6063 φ120mm EXW in warehouse 28
9.1.11 Aluminum scrap aluminum foundry scrap Al 91%min delivered China 28
9.2 International Market 29
9.2.1 Guinean bauxite Al2O3 45%min SiO2 3%max CIF China 29
9.2.2 Alumina 98.5%min FOB Australia 29
9.2.3 Aluminum fluoride 61%min FOB China 29
9.2.4 Cast aluminum alloy ingot ADC12 CIF China 29
9.2.5 Cast aluminum alloy ingot ADC12 FOB China 29
9.2.6 Zorba aluminum scrap 98-1 CIF China 29
1.1 Chinese origin bauxite 5
1.2 Imported bauxite 5
1.3 Alumina 5
1.4 Aluminum fluoride 5
1.5 Primary aluminum 5
1.6 Secondary aluminum alloy ingot 5
1.7 Aluminum alloy ingot A356.2 5
1.8 Aluminum scrap 5
1.9 Aluminum bar 5
2 Policy and Economy 5
2.1 Indian govt to monitor steel, aluminum exports to US, demands concessional rates 5
2.2 China vows to boost construction of basic mining infrastructure 5
2.3 Marubeni: Aluminum stocks at Japan's 3 major ports fall in Dec 2023 m-o-m 5
2.4 EU mulling new embargo on Russian aluminum 5
3 Market Movements 5
3.1 Chinese Market 5
3.1.1 Price of Chinese origin bauxite keeps soring 5
3.1.2 Chinese origin alumina price goes up 6
3.1.3 Average price of Australian alumina soars 6
3.1.4 Price of Chinese aluminum fluoride declines significantly 6
3.1.5 Aluminum hydroxide price rises 6
3.1.6 Price of aluminum ingot 99.7%min declines 6
3.1.7 Restocking of aluminum alloy ingot ADC12 in China falls short of expectations 7
3.1.8 Chinese aluminum alloy ingot A356.2 market sees active dealing activities 7
3.1.9 Chinese cast aluminum scrap consumers active in restocking 7
3.1.10 TCs for Chinese aluminum bar 6063 keep dropping 8
3.2 International Market 8
3.2.1 Price of Guinean bauxite keeps rising 8
3.2.2 Export price of Australian alumina rebounds 8
3.2.4 Chinese aluminum fluoride export price moves down further 9
3.2.5 Price of imported cast aluminum alloy ingot rebounds after hitting bottom 9
3.2.6 Chinese aluminum alloy ingot ADC12 export market sees few deals 9
3.2.7 Chinese market sees few deals for imported Zorba aluminum scrap 9
4 Company News 9
4.1 Inalum invests in construction of new alumina refinery in West Kalimantan 9
4.2 Seng Hiap Metal increases bauxite production 10
4.3 Kaiman Aluminum cuts alumina production 10
4.4 Jinyang Advanced Material to restart aluminum fluoride production 10
4.5 Rusal's Siberian aluminium smelter production unaffected after fire 10
4.6 Ashapura restarts bauxite production in Guinea 10
4.7 Alcoa to curtail production at Kwinana alumina refinery 10
4.8 Montenegro UMD resumes bauxite production 10
4.9 Henan International restarts bauxite production 10
4.10 Zhongtian Chemical plans to suspend production 10
4.11 GBC plans to increase bauxite production 10
4.12 Suzhou Yadelin maintains secondary aluminum alloy production line 10
4.13 Kailong New Materials increases aluminum bar production 11
4.14 Mingdi Group to cut aluminum bar production 11
4.15 Shuofeng Aluminum to reduce aluminum bar production 11
4.16 Southeast Precision Technology puts aluminum bar into production 11
4.17 Yinhai Jiahao Aluminum Alloy to halt aluminum bar production 11
4.18 Jinlan Aluminum Products to maintain aluminum bar production equipment 11
4.19 Shengda Metal to suspend secondary aluminum alloy ingot production 11
4.20 Tonghe New Material to suspend secondary aluminum alloy ingot production for Spring Festival holiday 11
4.21 Lixin Aluminum maintains secondary aluminum alloy ingot production equipment 11
4.22 Guangyin Aluminum to cut aluminum bar production 11
5 Producers Statistics 12
5.1 Chinese alumina producers' operating rate down by 4.75% MOM in Jan 12
5.2 China's alumina output down by 5.32% MOM in Jan 12
5.3 Chinese aluminum fluoride producers' operating rate up by 47.61% YOY in Jan 13
5.4 China's aluminum fluoride output down by 9.69% MOM in Jan 13
5.5 China's aluminum fluoride inventory up by 10.62% MOM in late Jan 14
5.6 Chinese bauxite producers' operating rate down by 15.40% YOY in Jan 14
5.7 Chinese bauxite producers' output down by 17.67% YOY in Jan 15
5.8 Guinean bauxite producers' operating rate down by 13.34% MOM in Jan 15
5.9 Guinean bauxite producers' output down by 9.54% YOY in Jan 15
5.10 Chinese primary aluminum producers' operating rate records 84.24% in late Jan 16
5.11 China's primary aluminum output down by 0.1% MOM in Jan 16
5.12 China's primary aluminum inventory up by 120.15% MOM in late Jan 17
5.13 Chinese secondary aluminum alloy producers' operating rate records 42.64% in Jan 17
5.14 China's secondary aluminum alloy output down by about 5.28% MOM in Jan 18
5.15 China's secondary aluminum alloy inventory up by 26.37% MOM in late Jan 18
5.16 Chinese aluminum bar producers' operating rate records 49.86% in Jan 19
5.17 China's aluminum bar output down by 17.86% MOM in Jan 19
5.18 China's aluminum bar inventory up by 40.3% MOM in late Jan 20
6 Consumers Statistics 20
6.1 China's consumption of imported bauxite up by 15.30% YOY in Jan 20
6.2 China's inventory of imported bauxite down by 2.57% MOM in late Jan 21
6.3 China's consumption of domestic bauxite down by 16.31% MOM in Jan 21
6.4 China's inventory of domestic bauxite down by 27.42% YOY in late Jan 22
7. Customs Statistics 22
7.1 China's bauxite import volume up by 16.94% YOY in Dec 22
7.2 China's alumina imports up sharply by 107.64% MOM in Dec 23
7.3 China's anhydrous aluminum fluoride export volume down by 15.58% MOM in Dec 23
7.4 China's unwrought aluminum(Al＜99.95%) import volume increased 38.02% YoY in Dec 2023 24
7.5 China's unwrought aluminum alloy import volume grew 22.30% YoY in Dec 2023 25
7.6 China's unwrought aluminum alloy export volume increased 25.60% MoM in Dec 2023 26
7.7 China's aluminum scrap import volume grew 20.77% YoY in Dec 2023 27
8 Relevant Industry News 28
8.1 Fluorspar price declines 28
8.2 Liquid caustic soda price moves down 28
9 Market Outlook for Next Month 28
9.1 Chinese market 28
9.1.1 Bauxite Al/Si=5.0 delivered China 28
9.1.2 Alumina 98.5%min EXW China 28
9.1.3 Australian alumina 98.5%min delivered at Chinese ports 28
9.1.4 Aluminum fluoride 61%min EXW China 28
9.1.5 Aluminum hydroxide 64.5%min EXW China 28
9.1.6 Fluorspar dry powder 97%min delivered China 28
9.1.7 Liquid caustic soda 32%min delivered China 28
9.1.8 Aluminum ingot 99.7%min 28
9.1.9 Cast aluminum alloy ingot ADC12 EXW China 28
9.1.10 Aluminum bar 6063 φ120mm EXW in warehouse 28
9.1.11 Aluminum scrap aluminum foundry scrap Al 91%min delivered China 28
9.2 International Market 29
9.2.1 Guinean bauxite Al2O3 45%min SiO2 3%max CIF China 29
9.2.2 Alumina 98.5%min FOB Australia 29
9.2.3 Aluminum fluoride 61%min FOB China 29
9.2.4 Cast aluminum alloy ingot ADC12 CIF China 29
9.2.5 Cast aluminum alloy ingot ADC12 FOB China 29
9.2.6 Zorba aluminum scrap 98-1 CIF China 29
