2014 Annual report on aluminum market
2015-04-07 09:18:24 【Print】
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Abstract 2
1 Financial overview 2
1.1 Domestic financial overview 2
1.1.1 Strong rebounding of US economy and intention in raising interest rates by the Fed 2
1.1.2 Emerging economies saw rapid currency depreciations with economic stalling 3
1.1.3 Eurozone QE policy was on the agenda due to high deflation and low growth 3
1.1.4 Japan's economic recovery still uncertain after the failure of Abenomics’s short-term goals 3
1.1.5 Global economic recovery less-than-expected and sharp price falls for crude iron ore 4
1.2 International financial overview 4
1.2.1 China saw a steady economic growth after overcoming various difficulties 4
1.2.2 Central Bank of China expected to release liquidities in 2015 5
2 Chinese domestic market review 6
2.1 Aluminum fluoride plants suffered great losses as the overall market was sluggish 6
2.2 Analysis of Chinese alumina price trend in 2014 7
2.3 Analysis of aluminum hydroxide market trend in 2014 8
2.4 Analysis of primary aluminum market trend in 2014 8
2.5 Domestic secondary aluminum alloy ingot prices hits new low 9
2.6 A365 aluminum alloy ingot prices hits new low 10
3 International market review 11
3.1 Analysis of alumina import prices in 2014 11
3.2 Some traders suffered losses as the price increase of Indonesia bauxite fell short of expectation 13
3.3 Malaysia bauxite prices fluctuated downward 14
3.4 India bauxite prices rose slightly 14
3.5 Australia bauxite prices went up slightly 15
3.6 Chinese aluminum fluoride export market analysis in 2014 16
3.6.1 Aluminum fluoride prices were under great downward pressure as export competition intensified 16
3.6.2 Chinese aluminum fluoride export prices on average by major countries 16
3.7 LME aluminum market analysis in 2014 17
3.8 Secondary aluminum alloy ingot export prices analysis 18
4 Production data analysis 20
4.1 China’s alumina output in 2014 up by 4.43% YOY 20
4.1.1 Alumina output in Shanxi in 2014 up by 17.94% YOY 21
4.1.2 Alumina output in Shandong in 2014 down by 3.38% YOY 21
4.1.3 Alumina output in Henan in 2014 down by 16.68%% YOY 22
4.1.4 Alumina output in Guangxi in 2014 up by 9.68% YOY 23
4.1.5 Alumina output in Guizhou in 2014 down by 17.2% YOY 24
4.1.6 Alumina output in Yunnan in 2014 up by 1.93% YOY 25
4.1.7 Alumina output in Chongqing in 2014 down by 51.77% YOY 26
4.1.8 Alumina output in Inner Mongolia in 2014 up by 169.5%% YOY 27
4.2 New alumina capacity of around 4.5 million tonnes to come on stream in 2015 28
4.3 Chinese primary aluminum output in 2014 29
4.3.1 Chinese primary aluminum production up by 10.59% YOY in 2014 29
4.3.2 Chinese primary aluminum production statistics by province in 2014 31
4.3.3 Xinjiang primary aluminum output in 2014 up by 87.37% YOY 33
4.3.4 Qinghai primary aluminum output in 2014 up by 4.32% YOY 34
4.3.5 Gansu primary aluminum output in 2014 up by 10.47% YOY 35
4.3.6 Output reductions of Chinese smelting aluminum are about 1,650,000t in 2014 36
4.4 New aluminum smelting capacities in China about 4,700,000-4,900,000t in 2015 38
4.5 Chinese secondary aluminum alloy ingot outputs up by 17.63% YOY in 2014 41
4.6 Chinese secondary aluminum alloy operating rate statistics in 2014 42
5 Import & Export data analysis 43
5.1 Chinese bauxite imports analysis from 2005 to 2014 43
5.2 Chinese aluminum fluoride export volume analysis 2010-2014 44
5.3 Chinese alumina imports up by 37.73% YOY in 2014 46
5.3.1 Chinese alumina imports by major countries in 2014 47
5.4 China’s aluminum alloy export volume up by 25.05% YOY in 2014 48
5.4.1 China’s aluminum alloy export volume statistics by major country in 2014 49
5.5 Chinese imports for aluminum scrap keep decreasing for four years 50
Graph 1 Economic growth of China from 2007 to 2014 6
Graph 2 Aluminum fluoride price trend in China in 2014 8
Graph 3 Alumina spot price trend in 2014 9
Graph 4 Aluminum hydroxide price trend in China in 2014 10
Graph 5 Price trend of ADC12 aluminum alloy in 2014 12
Graph 6 Price trend of A356 aluminum alloy in 2014 13
Graph 7 Price trend of Australian alumina in 2014 14
Graph 8 Price trend of Australian alumina in 2014 14
Graph 9 The price trend of Indonesia bauxite 46%min 15
Graph 10 The price for Australian bauxite Al 50% CIF China in 2014 17
Graph 11 The average FOB price of Chinese aluminum fluorite in 2014 18
Graph 12 The average FOB price of Chinese aluminum fluorite by country in 2014 18
Graph 13 LME aluminum prices tendency in 2014 19
Graph 14 LME aluminum warehouse tendency in 2014 20
Graph 15 Chinese aluminum alloy ingot export prices in 2014 21
Graph 16 Chinese alumina output by year 22
Graph 17 Chinese alumina output in Shanxi 23
Graph 18 Chinese alumina output in Shandong 24
Graph 19 Chinese alumina output in Henan 25
Graph 20 Chinese alumina output in Guangxi 26
Graph 21 Chinese alumina output in Guizhou 27
Graph 22 Chinese alumina output in Yunnan 28
Graph 23 Chinese alumina output in Chongqing 29
Graph 24 Chinese alumina output in Inner Mongolia 30
Graph 25 New alumina project to come on stream in 2015 31
Graph 26 Chinese primary aluminum production by month in 2014 32
Graph 27 China’s annual primary aluminum production 33
Graph 28 Chinese primary aluminum production in Xinjiang 35
Graph 29 Chinese primary aluminum production in Qinghai 36
Graph 30 Chinese primary aluminum production in Gansu 37
Graph 31 Reductions of aluminum smelting outputs in China in 2014 39
Graph 32 China’s secondary aluminum alloy ingot outputs from 2002 to 2014 43
Graph 33 Chinese secondary aluminum alloy operating rate 2014 44
Graph 34 Chinese bauxite imports by major countries 45
Graph 35 Chinese bauxite import volume by major countries by year 46
Graph 36 Chinese aluminum fluoride exports by year 47
Graph 37 Chinese aluminum fluoride exports by major countries by year 47
Graph 38 Chinese aluminum fluoride exports and market ratio for major countries 48
Graph 39 Chinese alumina import volume by month 49
Graph 41 Chinese alumina import volume by major countries by month in 2014 50
Graph 42 Chinese aluminum alloy exports 2014 50
Graph 43 Chinese aluminum alloy exports by major destinations 51
Graph 44 Chinese aluminum scrap imports from 2006 to 2014 53
Graph 45Chinese aluminum scrap imports by month in 2014 53
Graph 46 Chinese aluminum scrap imports by origins 2014 54
Graph 47 Chinese import price for US aluminum scraps 55
Table 1 Chinese primary aluminum production statistics by province in 2013 and 2014 33
Table 2 New primary aluminum projects to come on stream in 2015 40
1 Financial overview 2
1.1 Domestic financial overview 2
1.1.1 Strong rebounding of US economy and intention in raising interest rates by the Fed 2
1.1.2 Emerging economies saw rapid currency depreciations with economic stalling 3
1.1.3 Eurozone QE policy was on the agenda due to high deflation and low growth 3
1.1.4 Japan's economic recovery still uncertain after the failure of Abenomics’s short-term goals 3
1.1.5 Global economic recovery less-than-expected and sharp price falls for crude iron ore 4
1.2 International financial overview 4
1.2.1 China saw a steady economic growth after overcoming various difficulties 4
1.2.2 Central Bank of China expected to release liquidities in 2015 5
2 Chinese domestic market review 6
2.1 Aluminum fluoride plants suffered great losses as the overall market was sluggish 6
2.2 Analysis of Chinese alumina price trend in 2014 7
2.3 Analysis of aluminum hydroxide market trend in 2014 8
2.4 Analysis of primary aluminum market trend in 2014 8
2.5 Domestic secondary aluminum alloy ingot prices hits new low 9
2.6 A365 aluminum alloy ingot prices hits new low 10
3 International market review 11
3.1 Analysis of alumina import prices in 2014 11
3.2 Some traders suffered losses as the price increase of Indonesia bauxite fell short of expectation 13
3.3 Malaysia bauxite prices fluctuated downward 14
3.4 India bauxite prices rose slightly 14
3.5 Australia bauxite prices went up slightly 15
3.6 Chinese aluminum fluoride export market analysis in 2014 16
3.6.1 Aluminum fluoride prices were under great downward pressure as export competition intensified 16
3.6.2 Chinese aluminum fluoride export prices on average by major countries 16
3.7 LME aluminum market analysis in 2014 17
3.8 Secondary aluminum alloy ingot export prices analysis 18
4 Production data analysis 20
4.1 China’s alumina output in 2014 up by 4.43% YOY 20
4.1.1 Alumina output in Shanxi in 2014 up by 17.94% YOY 21
4.1.2 Alumina output in Shandong in 2014 down by 3.38% YOY 21
4.1.3 Alumina output in Henan in 2014 down by 16.68%% YOY 22
4.1.4 Alumina output in Guangxi in 2014 up by 9.68% YOY 23
4.1.5 Alumina output in Guizhou in 2014 down by 17.2% YOY 24
4.1.6 Alumina output in Yunnan in 2014 up by 1.93% YOY 25
4.1.7 Alumina output in Chongqing in 2014 down by 51.77% YOY 26
4.1.8 Alumina output in Inner Mongolia in 2014 up by 169.5%% YOY 27
4.2 New alumina capacity of around 4.5 million tonnes to come on stream in 2015 28
4.3 Chinese primary aluminum output in 2014 29
4.3.1 Chinese primary aluminum production up by 10.59% YOY in 2014 29
4.3.2 Chinese primary aluminum production statistics by province in 2014 31
4.3.3 Xinjiang primary aluminum output in 2014 up by 87.37% YOY 33
4.3.4 Qinghai primary aluminum output in 2014 up by 4.32% YOY 34
4.3.5 Gansu primary aluminum output in 2014 up by 10.47% YOY 35
4.3.6 Output reductions of Chinese smelting aluminum are about 1,650,000t in 2014 36
4.4 New aluminum smelting capacities in China about 4,700,000-4,900,000t in 2015 38
4.5 Chinese secondary aluminum alloy ingot outputs up by 17.63% YOY in 2014 41
4.6 Chinese secondary aluminum alloy operating rate statistics in 2014 42
5 Import & Export data analysis 43
5.1 Chinese bauxite imports analysis from 2005 to 2014 43
5.2 Chinese aluminum fluoride export volume analysis 2010-2014 44
5.3 Chinese alumina imports up by 37.73% YOY in 2014 46
5.3.1 Chinese alumina imports by major countries in 2014 47
5.4 China’s aluminum alloy export volume up by 25.05% YOY in 2014 48
5.4.1 China’s aluminum alloy export volume statistics by major country in 2014 49
5.5 Chinese imports for aluminum scrap keep decreasing for four years 50
Graph 1 Economic growth of China from 2007 to 2014 6
Graph 2 Aluminum fluoride price trend in China in 2014 8
Graph 3 Alumina spot price trend in 2014 9
Graph 4 Aluminum hydroxide price trend in China in 2014 10
Graph 5 Price trend of ADC12 aluminum alloy in 2014 12
Graph 6 Price trend of A356 aluminum alloy in 2014 13
Graph 7 Price trend of Australian alumina in 2014 14
Graph 8 Price trend of Australian alumina in 2014 14
Graph 9 The price trend of Indonesia bauxite 46%min 15
Graph 10 The price for Australian bauxite Al 50% CIF China in 2014 17
Graph 11 The average FOB price of Chinese aluminum fluorite in 2014 18
Graph 12 The average FOB price of Chinese aluminum fluorite by country in 2014 18
Graph 13 LME aluminum prices tendency in 2014 19
Graph 14 LME aluminum warehouse tendency in 2014 20
Graph 15 Chinese aluminum alloy ingot export prices in 2014 21
Graph 16 Chinese alumina output by year 22
Graph 17 Chinese alumina output in Shanxi 23
Graph 18 Chinese alumina output in Shandong 24
Graph 19 Chinese alumina output in Henan 25
Graph 20 Chinese alumina output in Guangxi 26
Graph 21 Chinese alumina output in Guizhou 27
Graph 22 Chinese alumina output in Yunnan 28
Graph 23 Chinese alumina output in Chongqing 29
Graph 24 Chinese alumina output in Inner Mongolia 30
Graph 25 New alumina project to come on stream in 2015 31
Graph 26 Chinese primary aluminum production by month in 2014 32
Graph 27 China’s annual primary aluminum production 33
Graph 28 Chinese primary aluminum production in Xinjiang 35
Graph 29 Chinese primary aluminum production in Qinghai 36
Graph 30 Chinese primary aluminum production in Gansu 37
Graph 31 Reductions of aluminum smelting outputs in China in 2014 39
Graph 32 China’s secondary aluminum alloy ingot outputs from 2002 to 2014 43
Graph 33 Chinese secondary aluminum alloy operating rate 2014 44
Graph 34 Chinese bauxite imports by major countries 45
Graph 35 Chinese bauxite import volume by major countries by year 46
Graph 36 Chinese aluminum fluoride exports by year 47
Graph 37 Chinese aluminum fluoride exports by major countries by year 47
Graph 38 Chinese aluminum fluoride exports and market ratio for major countries 48
Graph 39 Chinese alumina import volume by month 49
Graph 41 Chinese alumina import volume by major countries by month in 2014 50
Graph 42 Chinese aluminum alloy exports 2014 50
Graph 43 Chinese aluminum alloy exports by major destinations 51
Graph 44 Chinese aluminum scrap imports from 2006 to 2014 53
Graph 45Chinese aluminum scrap imports by month in 2014 53
Graph 46 Chinese aluminum scrap imports by origins 2014 54
Graph 47 Chinese import price for US aluminum scraps 55
Table 1 Chinese primary aluminum production statistics by province in 2013 and 2014 33
Table 2 New primary aluminum projects to come on stream in 2015 40
