Aluminum market report March 2012
2012-04-23 14:59:33 【Print】
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Contents
Introduction 1
1 Financial overview 1
1.1 Demotic overview 1
1.1.1 Festival Growth rate of CPI fell back in February 1
1.1.2 PMI continued to increase and concerns on economic eased in March 2
1.1.3 Economic growth rate decreased to 7.5% for the first time in the past 8 years in 2012 3
1.2 International overview 3
1.2.1 Greece finished bond replacement of EUR177.2b 3
1.2.2 Crude oil prices fell back due to easing situation in the Middle East 4
1.2.3 US economy recovered slowly and USD to rebound 4
1.2.4 Large difference occurred in gold market and prices decreased with fluctuations 5
2 Company News 6
2.1 International market 6
2.2 Chinese domestic market 6
3 Chinese domestic market review 8
3.1 Aluminum ingot market 8
3.1.1 Aluminum ingot price rose in fluctuating 8
3.1.2 The market showed the sign to get better 9
3.2 Alumina market 9
3.2.1 Values for alumina rebound 9
3.3 Aluminum alloy 10
3.3.1 Offers for recycled aluminum alloy ingot quiet and dull 10
3.3.2 Low purchasing in recycled aluminum alloy market 11
3.3.3 Price of A356 aluminum alloy kept fluctuating narrowly with stable processing charge 12
3.3.4 Purchasing in A356 aluminum alloy market low with tough payment 12
4 International market review 13
4.1 LME Aluminum price kept at low point 13
4.2 LME aluminum inventories decreased 13
4.3 Chinese aluminum alloy export price down with cautious purchasing 14
4.4 Australian alumina price hovers in a low level 14
4.5 Bauxite price rises slightly 15
5 Related industry developments 16
5.1 Aluminum fluoride 16
5.1.1 Aluminum fluoride market continues softening 16
5.1.2 Export price of aluminum fluoride dropped 17
5.2 Aluminum hydroxide market keeps stable 17
5.3 Aluminum scraps price kept high-hold under tight supply 18
6 Analysis of production 18
6.1 Primary aluminum output 18
6.1.1 China’s primary aluminum production increased in March 18
6.1.2 Henan primary aluminum production kept at around 303,000t in March 19
6.2 Aluminum alloy 19
6.2.1 Operating rate of Chinese recycled aluminum alloy plants low at 66.7% in Mar 19
6.3.2 Chinese A356 aluminum alloy production up by 9% in March MOM 20
6.2.3 Chinese motors production in the first two months of 2012 down by 4.9% YOY 21
6.3 Alumina 22
6.3.1 Chinese alumina production sees a m-o-m 2.4% decrease in Marc 22
6.3.2 Shanxi sees a 4.2% m-o-m in alumina production in March 23
6.4 Aluminum fluoride 23
6.4.1 Alumina fluoride production increases 0.4% m-o-m in March 23
6.4.2 Chinese aluminum fluoride production rises by 30.9% y-o-y in Q1 23
7 Analysis of import & export data 24
7.1 Bauxite 24
7.1.1 China’s bauxite import increased by 49.48% MOM in March 24
7.1.2 Top nine Chinese bauxite importer in February, 2012 25
7.2 Alumina 25
7.2.1 China’s February alumina import decreased by 38.22% MOM 25
7.2.2 Top ten China alumina import companies in February 26
7.3 Aluminum products 26
7.3.1 China’s February aluminum products export decreased by 9.52% MOM 26
7.3.2 Export differed to different aluminum products 27
7.4 Aluminum alloy 27
7.4.1 Chinese aluminum alloy export down by 7% in Feb MOM 27
7.4.2 Top 10 aluminum alloy exporter in China in March 29
7.5 Aluminum scrap 29
7.5.1 Chinese aluminum scraps import down by 3.8% in the first two months 29
7.4.2 Top 10 importers of aluminum scrap in February in China 30
7.6 Aluminum fluoride 31
7.6.1 Export of aluminum fluoride surges by 133.5% m-o-m in February in China 31
7.6.2 Export prices for Chinese aluminum fluoride in Jan-Feb 31
7.6.3 Top six Chinese aluminum fluoride exporters in January 32
8 Outlook for April 32
8.1 Aluminum ingot market keeps turning better slowly 32
8.2 Alumina to consolidate 33
8.3 Aluminum fluoride to fluctuate downward 33
Picture 1 CPI and PPI in China From Jan 2011 to Feb 2012 2
Picture 2 Chinese PMI in 2011-2012 3
Picture 3 US crude oil futures price 4
Picture 4 USDX trend 5
Picture 5 International gold price 6
Picture 6 China aluminum ingot price in February (RMB/t) 9
Picture 7 China domestic alumina price in Jan-Mar (RMB/t) 10
Picture 8 China ADC 12 aluminum alloy price (RMB/t) 11
Picture 9 China A356 aluminum alloy price in March (RMB/t) 12
Picture 10 Aluminum on LME price trend in March (USD/t) 13
Picture 11 Aluminum on LME in March 14
Picture 12 Australian alumina price in Jan-Mar (RMB/t) 15
Picture 13Major Chinese alumina importers in Feb 15
Picture 14Indonesia bauxite price trend FOB China in March (USD/t) 16
Picture 15 China aluminum fluoride price in Jan-Mar (RMB/t) 17
Picture 16 China FOB export price of aluminum fluoride in March（USD/t） 17
Picture 17 China aluminum hydroxide price in March (RMB/t) 18
Picture 18 Production and sales of automobile in China from Jan, 2011 to Feb, 2012 (Unit: 10,000) 22
Picture 19 Chinese alumina production data in Jan-March 22
Picture 20 Chinese aluminum fluoride production data in Jan-Mar (t) 23
Picture 21 China bauxite import in 2012 24
Picture 22 China bauxite monthly import in four countries in 2011 25
Picture 23 China alumina import in 2012 26
Picture 24 China's aluminum products export in 2012 27
Picture 25 Aluminum alloy export in China in 2011 and 2012 29
Picture 26 Comparison of aluminum scrap import in 2011and 2012 30
Picture 27 Export Chinese aluminum fluoride data in Jan-Feb(t) 31
Picture 28 Chinese aluminum fluoride export prices by nation in Jan-Feb(USD/t) 32
Table 1 Output of primary aluminum in regions in March (Unit: 10,000t) 19
Table 2 shows Chinese A356 aluminum alloy production by regions (Unit: ton) 20
Table 3 Chinese bauxite importer in Feb,2012 25
Table 4 Top ten China alumina import companies in January, 2012 26
Table 5 Top 10 aluminum export companies in China in February 29
Table 6 Top 10 importers of aluminum scrap in Februay in China 30
Table 7 Top six Chinese aluminum fluoride exporters in Februay 32
Introduction 1
1 Financial overview 1
1.1 Demotic overview 1
1.1.1 Festival Growth rate of CPI fell back in February 1
1.1.2 PMI continued to increase and concerns on economic eased in March 2
1.1.3 Economic growth rate decreased to 7.5% for the first time in the past 8 years in 2012 3
1.2 International overview 3
1.2.1 Greece finished bond replacement of EUR177.2b 3
1.2.2 Crude oil prices fell back due to easing situation in the Middle East 4
1.2.3 US economy recovered slowly and USD to rebound 4
1.2.4 Large difference occurred in gold market and prices decreased with fluctuations 5
2 Company News 6
2.1 International market 6
2.2 Chinese domestic market 6
3 Chinese domestic market review 8
3.1 Aluminum ingot market 8
3.1.1 Aluminum ingot price rose in fluctuating 8
3.1.2 The market showed the sign to get better 9
3.2 Alumina market 9
3.2.1 Values for alumina rebound 9
3.3 Aluminum alloy 10
3.3.1 Offers for recycled aluminum alloy ingot quiet and dull 10
3.3.2 Low purchasing in recycled aluminum alloy market 11
3.3.3 Price of A356 aluminum alloy kept fluctuating narrowly with stable processing charge 12
3.3.4 Purchasing in A356 aluminum alloy market low with tough payment 12
4 International market review 13
4.1 LME Aluminum price kept at low point 13
4.2 LME aluminum inventories decreased 13
4.3 Chinese aluminum alloy export price down with cautious purchasing 14
4.4 Australian alumina price hovers in a low level 14
4.5 Bauxite price rises slightly 15
5 Related industry developments 16
5.1 Aluminum fluoride 16
5.1.1 Aluminum fluoride market continues softening 16
5.1.2 Export price of aluminum fluoride dropped 17
5.2 Aluminum hydroxide market keeps stable 17
5.3 Aluminum scraps price kept high-hold under tight supply 18
6 Analysis of production 18
6.1 Primary aluminum output 18
6.1.1 China’s primary aluminum production increased in March 18
6.1.2 Henan primary aluminum production kept at around 303,000t in March 19
6.2 Aluminum alloy 19
6.2.1 Operating rate of Chinese recycled aluminum alloy plants low at 66.7% in Mar 19
6.3.2 Chinese A356 aluminum alloy production up by 9% in March MOM 20
6.2.3 Chinese motors production in the first two months of 2012 down by 4.9% YOY 21
6.3 Alumina 22
6.3.1 Chinese alumina production sees a m-o-m 2.4% decrease in Marc 22
6.3.2 Shanxi sees a 4.2% m-o-m in alumina production in March 23
6.4 Aluminum fluoride 23
6.4.1 Alumina fluoride production increases 0.4% m-o-m in March 23
6.4.2 Chinese aluminum fluoride production rises by 30.9% y-o-y in Q1 23
7 Analysis of import & export data 24
7.1 Bauxite 24
7.1.1 China’s bauxite import increased by 49.48% MOM in March 24
7.1.2 Top nine Chinese bauxite importer in February, 2012 25
7.2 Alumina 25
7.2.1 China’s February alumina import decreased by 38.22% MOM 25
7.2.2 Top ten China alumina import companies in February 26
7.3 Aluminum products 26
7.3.1 China’s February aluminum products export decreased by 9.52% MOM 26
7.3.2 Export differed to different aluminum products 27
7.4 Aluminum alloy 27
7.4.1 Chinese aluminum alloy export down by 7% in Feb MOM 27
7.4.2 Top 10 aluminum alloy exporter in China in March 29
7.5 Aluminum scrap 29
7.5.1 Chinese aluminum scraps import down by 3.8% in the first two months 29
7.4.2 Top 10 importers of aluminum scrap in February in China 30
7.6 Aluminum fluoride 31
7.6.1 Export of aluminum fluoride surges by 133.5% m-o-m in February in China 31
7.6.2 Export prices for Chinese aluminum fluoride in Jan-Feb 31
7.6.3 Top six Chinese aluminum fluoride exporters in January 32
8 Outlook for April 32
8.1 Aluminum ingot market keeps turning better slowly 32
8.2 Alumina to consolidate 33
8.3 Aluminum fluoride to fluctuate downward 33
Picture 1 CPI and PPI in China From Jan 2011 to Feb 2012 2
Picture 2 Chinese PMI in 2011-2012 3
Picture 3 US crude oil futures price 4
Picture 4 USDX trend 5
Picture 5 International gold price 6
Picture 6 China aluminum ingot price in February (RMB/t) 9
Picture 7 China domestic alumina price in Jan-Mar (RMB/t) 10
Picture 8 China ADC 12 aluminum alloy price (RMB/t) 11
Picture 9 China A356 aluminum alloy price in March (RMB/t) 12
Picture 10 Aluminum on LME price trend in March (USD/t) 13
Picture 11 Aluminum on LME in March 14
Picture 12 Australian alumina price in Jan-Mar (RMB/t) 15
Picture 13Major Chinese alumina importers in Feb 15
Picture 14Indonesia bauxite price trend FOB China in March (USD/t) 16
Picture 15 China aluminum fluoride price in Jan-Mar (RMB/t) 17
Picture 16 China FOB export price of aluminum fluoride in March（USD/t） 17
Picture 17 China aluminum hydroxide price in March (RMB/t) 18
Picture 18 Production and sales of automobile in China from Jan, 2011 to Feb, 2012 (Unit: 10,000) 22
Picture 19 Chinese alumina production data in Jan-March 22
Picture 20 Chinese aluminum fluoride production data in Jan-Mar (t) 23
Picture 21 China bauxite import in 2012 24
Picture 22 China bauxite monthly import in four countries in 2011 25
Picture 23 China alumina import in 2012 26
Picture 24 China's aluminum products export in 2012 27
Picture 25 Aluminum alloy export in China in 2011 and 2012 29
Picture 26 Comparison of aluminum scrap import in 2011and 2012 30
Picture 27 Export Chinese aluminum fluoride data in Jan-Feb(t) 31
Picture 28 Chinese aluminum fluoride export prices by nation in Jan-Feb(USD/t) 32
Table 1 Output of primary aluminum in regions in March (Unit: 10,000t) 19
Table 2 shows Chinese A356 aluminum alloy production by regions (Unit: ton) 20
Table 3 Chinese bauxite importer in Feb,2012 25
Table 4 Top ten China alumina import companies in January, 2012 26
Table 5 Top 10 aluminum export companies in China in February 29
Table 6 Top 10 importers of aluminum scrap in Februay in China 30
Table 7 Top six Chinese aluminum fluoride exporters in Februay 32
