Aluminum Market Report January 2014
2014-02-14 17:54:41 【Print】
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Abstract 1
1. Financial overview 1
1.1 Chinese domestic financial overview 1
1.1.1 CPI up by 2.5% YOY and PPI down by 1.4% YOY in December 1
1.1.2 PMI records new low in January 2
1.2 International financial overview 2
1.2.1 Chinese economic data and crude oil future price down 2
1.2.2 US dollar index keeps consolidating 3
2 Company news 3
3 Chinese domestic market review 4
3.1 Aluminum ingot market 4
3.1.1 Aluminum ingot price down to record low levels 4
3.1.2 Stocks in smelting plants piles up as consumers stop purchase 5
3.2 Alumina market 5
3.2.1 Chinese alumina price increased slightly 5
3.3 Aluminum alloy 6
3.3.1 Secondary aluminum alloy price sees no obvious adjustment 6
3.4 Carbon anode 7
3.4.1 Carbon anode price decreases 7
3.4.2 Carbon cathode price stable 8
4 International market review 8
4.1 LME aluminum price down to low levels again 8
4.2 LME aluminum inventories sees some decrease in January 9
4.3 Aluminum alloy export price low and the market dull 10
4.4 Bauxite 10
4.4.1 Indonesia bauxite export ban leads to thin deals in China 10
4.4.2 Bauxite deals may improve after Spring Festival 11
4.5 Alumina import price keeps increasing 11
4.6 Aluminum fluoride export price hard to increase due to oversupply 12
5 Related industry development 13
5.1 Petroleum coke price fluctuates narrowly 13
5.2 Aluminum fluoride price falls in some regions 13
5.3 Aluminum hydroxide market stable 13
5.4 Aluminum scrap price get down to some extent 14
6 Production data 14
6.1 Primary aluminum 14
6.1.1 China’s primary aluminum output up by 9.65% in 2013 14
6.1.2 Start of new capacities in Northwestern regions slows down 16
6.2 Aluminum alloy 16
6.2.1 Operating rate of Chinese secondary aluminum alloy plants down to 35.90% in January 16
6.2.2 Chinese motors sales up by 13. 9% YOY in 2013 17
6.3 Alumina 18
6.3.1 Chinese alumina production up by 4.52% MOM in January 18
6.3.2 Alumina stocks in alumina refineries down by 7.7% MOM in January 19
6.4 Aluminum fluoride 19
6.4.1 Chinese aluminum fluoride output up by 2.57% MOM in January 19
6.4.2 Chinese aluminum fluoride stocks in January up by 3.33% 20
6.5 Carbon anode 20
6.5.1 Chinese commercial carbon anode output down by 2.43% in January MOM 20
6.5.2 Chinese carbon anode stocks down by 17.9% 21
7 Import & Export data analysis 22
7.1 Bauxite 22
7.1.1 Chinese bauxite import in 2013 up by 78.71% YOY 22
7.2 Alumina 24
7.2.1 Alumina import volume down by 36.4% YOY in December 24
7.2.2 Chinese alumina import enterprises glance 24
7.3 Aluminum alloy 25
7.3.1 Chinese aluminum alloy exports up by 15.51% YOY in December 25
7.3.2 Chinese top ten aluminum alloy exporters in December 2013 25
7.4 Aluminum scrap 26
7.4.1 Chinese aluminum scrap imports up by 14.34% YOY in December 26
7.4.2 Chinese top ten aluminum scrap importers in December 2013 27
7.5 Aluminum semi-products 27
7.5.1 Chinese aluminum semi-products export up by 0.7% YOY in December 27
7.6 Aluminum fluoride 28
7.6.1Chinese aluminum fluoride export up by 87.8% MOM in December 28
7.7 Carbon anode 31
7.7.1 Chinese carbon anode export up by 18.5% MOM in December 31
8 Outlook for January 32
8.1 Aluminum price to rebound after reaching the bottom 32
8.2 Alumina price to linger at low levels 32
8.3 Carbon anode price may keep falling 33
8.4 Aluminum fluoride price may fall 33
Picture 1 Trend of CPI and PPI in China between 2012 and 2013 1
Picture 2 Trend of PMI of Chinese manufacturing industry between 2012 and 2014 2
Picture 3 Dominant force future prices of crude oil in US in January 3
Picture 4 Trend of US dollar index 3
Picture 5 Aluminum Ingot price in Chinese market (RMB/t) 5
Picture 6 Chinese origin alumina price movement Jan 2014 (RMB/t) 6
Picture 7 Chinese ADC12 aluminum alloy price movement 7
Picture 8 Chinese A356 aluminum alloy price movement 7
Picture 9 Chinese carbon anode price movement 2014 (RMB/t) 8
Picture 10 LME aluminum cash price chart (USD/t) 9
Picture 11 LME aluminum inventories (tons) 9
Picture 12 Chinese bauxite import CIF price in 2013 10
Picture 13 Australian origin alumina price movement Jan, 2014 (USD/t) 11
Picture 14 Australian origin alumina CIF China price movement Jan, 2014 (USD/t) 12
Picture 15 Aluminum fluoride FOB price movement 2014(USD/t) 12
Picture 16 Aluminum fluoride price movement 2014 (RMB/t) 13
Picture 17 Aluminum hydroxide price movement Jan, 2014 (RMB/t) 14
Picture 18 China’s primary aluminum production 15
Picture 19 Operating rate of Chinese secondary aluminum alloy plants 17
Picture 20 Chinese motors sales in 2012 and 2013 (Unit: 10,000) 17
Picture 21 Chinese alumina production 18
Picture 22 Aluminum fluoride output 2014 20
Picture 23 Chinese commercial carbon anode output 2014 21
Picture 24 Chinese bauxite import in 2013 22
Picture 25 Chinese bauxite import by origins in 2013 23
Picture 26 Chinese alumina import Jan-Dec, 2013 (10,000t) 24
Picture 27 Chinese aluminum alloy export in 2013 25
Picture 28 Chinese aluminum scraps import in 2013 27
Picture 29 Chinese aluminum semi-products exports 28
Picture 30 Chinese aluminum fluoride export 2014 29
Picture 31 Chinese aluminum fluoride export price in 2013 30
Picture 32 Carbon anode export price in 2013 31
Table 1 Output of primary aluminum in Chinese major producing areas in January (Unit: 10,000t) 15
Table 2 Operating rate of Chinese main secondary aluminum alloy plants in January 16
Table 3 Chinese aluminum fluoride stocks Jan 2014 20
Table 4 Carbon anode stocks by region in January 21
Table 5 Chinese bauxite importers in December 2013 24
Table 6 Top9 Chinese alumina import companies in December, 2013 25
Table 7 Chinese top ten aluminum alloy exporters in December, 2013 26
Table 8 Chinese top ten aluminum scrap importers in December, 2013 27
Table 9 Chinese aluminum fluoride exporters in December 29
Table 10 Main carbon anode exporters in December 31
1. Financial overview 1
1.1 Chinese domestic financial overview 1
1.1.1 CPI up by 2.5% YOY and PPI down by 1.4% YOY in December 1
1.1.2 PMI records new low in January 2
1.2 International financial overview 2
1.2.1 Chinese economic data and crude oil future price down 2
1.2.2 US dollar index keeps consolidating 3
2 Company news 3
3 Chinese domestic market review 4
3.1 Aluminum ingot market 4
3.1.1 Aluminum ingot price down to record low levels 4
3.1.2 Stocks in smelting plants piles up as consumers stop purchase 5
3.2 Alumina market 5
3.2.1 Chinese alumina price increased slightly 5
3.3 Aluminum alloy 6
3.3.1 Secondary aluminum alloy price sees no obvious adjustment 6
3.4 Carbon anode 7
3.4.1 Carbon anode price decreases 7
3.4.2 Carbon cathode price stable 8
4 International market review 8
4.1 LME aluminum price down to low levels again 8
4.2 LME aluminum inventories sees some decrease in January 9
4.3 Aluminum alloy export price low and the market dull 10
4.4 Bauxite 10
4.4.1 Indonesia bauxite export ban leads to thin deals in China 10
4.4.2 Bauxite deals may improve after Spring Festival 11
4.5 Alumina import price keeps increasing 11
4.6 Aluminum fluoride export price hard to increase due to oversupply 12
5 Related industry development 13
5.1 Petroleum coke price fluctuates narrowly 13
5.2 Aluminum fluoride price falls in some regions 13
5.3 Aluminum hydroxide market stable 13
5.4 Aluminum scrap price get down to some extent 14
6 Production data 14
6.1 Primary aluminum 14
6.1.1 China’s primary aluminum output up by 9.65% in 2013 14
6.1.2 Start of new capacities in Northwestern regions slows down 16
6.2 Aluminum alloy 16
6.2.1 Operating rate of Chinese secondary aluminum alloy plants down to 35.90% in January 16
6.2.2 Chinese motors sales up by 13. 9% YOY in 2013 17
6.3 Alumina 18
6.3.1 Chinese alumina production up by 4.52% MOM in January 18
6.3.2 Alumina stocks in alumina refineries down by 7.7% MOM in January 19
6.4 Aluminum fluoride 19
6.4.1 Chinese aluminum fluoride output up by 2.57% MOM in January 19
6.4.2 Chinese aluminum fluoride stocks in January up by 3.33% 20
6.5 Carbon anode 20
6.5.1 Chinese commercial carbon anode output down by 2.43% in January MOM 20
6.5.2 Chinese carbon anode stocks down by 17.9% 21
7 Import & Export data analysis 22
7.1 Bauxite 22
7.1.1 Chinese bauxite import in 2013 up by 78.71% YOY 22
7.2 Alumina 24
7.2.1 Alumina import volume down by 36.4% YOY in December 24
7.2.2 Chinese alumina import enterprises glance 24
7.3 Aluminum alloy 25
7.3.1 Chinese aluminum alloy exports up by 15.51% YOY in December 25
7.3.2 Chinese top ten aluminum alloy exporters in December 2013 25
7.4 Aluminum scrap 26
7.4.1 Chinese aluminum scrap imports up by 14.34% YOY in December 26
7.4.2 Chinese top ten aluminum scrap importers in December 2013 27
7.5 Aluminum semi-products 27
7.5.1 Chinese aluminum semi-products export up by 0.7% YOY in December 27
7.6 Aluminum fluoride 28
7.6.1Chinese aluminum fluoride export up by 87.8% MOM in December 28
7.7 Carbon anode 31
7.7.1 Chinese carbon anode export up by 18.5% MOM in December 31
8 Outlook for January 32
8.1 Aluminum price to rebound after reaching the bottom 32
8.2 Alumina price to linger at low levels 32
8.3 Carbon anode price may keep falling 33
8.4 Aluminum fluoride price may fall 33
Picture 1 Trend of CPI and PPI in China between 2012 and 2013 1
Picture 2 Trend of PMI of Chinese manufacturing industry between 2012 and 2014 2
Picture 3 Dominant force future prices of crude oil in US in January 3
Picture 4 Trend of US dollar index 3
Picture 5 Aluminum Ingot price in Chinese market (RMB/t) 5
Picture 6 Chinese origin alumina price movement Jan 2014 (RMB/t) 6
Picture 7 Chinese ADC12 aluminum alloy price movement 7
Picture 8 Chinese A356 aluminum alloy price movement 7
Picture 9 Chinese carbon anode price movement 2014 (RMB/t) 8
Picture 10 LME aluminum cash price chart (USD/t) 9
Picture 11 LME aluminum inventories (tons) 9
Picture 12 Chinese bauxite import CIF price in 2013 10
Picture 13 Australian origin alumina price movement Jan, 2014 (USD/t) 11
Picture 14 Australian origin alumina CIF China price movement Jan, 2014 (USD/t) 12
Picture 15 Aluminum fluoride FOB price movement 2014(USD/t) 12
Picture 16 Aluminum fluoride price movement 2014 (RMB/t) 13
Picture 17 Aluminum hydroxide price movement Jan, 2014 (RMB/t) 14
Picture 18 China’s primary aluminum production 15
Picture 19 Operating rate of Chinese secondary aluminum alloy plants 17
Picture 20 Chinese motors sales in 2012 and 2013 (Unit: 10,000) 17
Picture 21 Chinese alumina production 18
Picture 22 Aluminum fluoride output 2014 20
Picture 23 Chinese commercial carbon anode output 2014 21
Picture 24 Chinese bauxite import in 2013 22
Picture 25 Chinese bauxite import by origins in 2013 23
Picture 26 Chinese alumina import Jan-Dec, 2013 (10,000t) 24
Picture 27 Chinese aluminum alloy export in 2013 25
Picture 28 Chinese aluminum scraps import in 2013 27
Picture 29 Chinese aluminum semi-products exports 28
Picture 30 Chinese aluminum fluoride export 2014 29
Picture 31 Chinese aluminum fluoride export price in 2013 30
Picture 32 Carbon anode export price in 2013 31
Table 1 Output of primary aluminum in Chinese major producing areas in January (Unit: 10,000t) 15
Table 2 Operating rate of Chinese main secondary aluminum alloy plants in January 16
Table 3 Chinese aluminum fluoride stocks Jan 2014 20
Table 4 Carbon anode stocks by region in January 21
Table 5 Chinese bauxite importers in December 2013 24
Table 6 Top9 Chinese alumina import companies in December, 2013 25
Table 7 Chinese top ten aluminum alloy exporters in December, 2013 26
Table 8 Chinese top ten aluminum scrap importers in December, 2013 27
Table 9 Chinese aluminum fluoride exporters in December 29
Table 10 Main carbon anode exporters in December 31
