Aluminum Market Report June 2016

Content
1 Abstract 4
2 Company News 4
3 Chinese domestic market review 4
3.1 Aluminum fluoride stocks weigh on prices 4
3.2 Domestic alumina prices decline significantly 5
3.3 Alumina prices slip in Shanxi 5
3.4 Alumina supply sufficient in Shandong 5
3.5 Alumina prices decline in Henan 6
3.6 Alumina prices forced to move down in Southwest China 6
3.7 Aluminum hydroxide prices may continue to slip 6
3.8 Primary aluminum prices down at first, then up 6
3.9 Chinese secondary aluminum alloy demand dim 7
4 International market review 7
4.1 Aluminum fluoride export prices go down due to weak demand 7
4.2 Rising demand for imported bauxite hard to push up prices 7
4.3 Demand for imported bauxite diversifies 8
4.4 Import prices for alumina fall all the way 8
4.5 Spot prices for imported alumina edge down 8
4.6 LME aluminum prices up 9
4.7 Chinese secondary aluminum alloy ingot export prices down 9
4.8 Import Zorba aluminum scrap prices edge down 9
5 Output & Inventory Analysis 10
5.1 Chinese aluminum fluoride output down by 4.47% YOY in H1 2016 10
5.2 Chinese consumption for aluminum fluoride up by 1.27% MOM in June 10
5.3 Chinese consumption for imported bauxite up by 8.7% MOM in June 11
5.4 China’s imported bauxite stocks down by 1.5% MOM late June 11
5.5 Chinese alumina output up by 3.8% MOM in June 12
5.6 Stocks of alumina made in China up by 12.5% MOM in June 2016 13
5.7 China’s imported alumina stocks down by 16% MOM in late June 13
5.8 China’s imported alumina consumption up by 22% MOM in June 13
5.9 Chinese primary aluminum output increases to 2.65 million tonnes in June 14
5.10 Chinese secondary aluminum alloy output increases by 5% YOY in H1 of 2016 14
6 Imp & Exp Analysis 15
6.1 Chinese bauxite imports down by 12.7% MOM in May 15
6.2 Chinese aluminum fluoride exports down by 10.3% MOM in May 16
6.3 China's alumina imports down by 48.5% MOM in May 17
6.4 Chinese aluminum alloy export volume down by 9.8% YOY in the first five months of 2016 18
6.5 Chinese aluminum scrap import volume down by 17.6% YOY in the first five months of 2016 20
7 Market outlook for July 21
7.1 Aluminum fluoride price to go down further 21
7.2 Alumina prices continue to move down 22
7.3 Primary aluminum prices fluctuate 22
7.4 Chinese secondary aluminum alloy ingot prices down 22

Graph 1 Chinese aluminum fluoride prices movement 5
Graph 2 Alumina price trend in China 5
Graph 3 Alumina price trend in Shanxi 5
Graph 4 Average monthly price for alumina in Shandong 5
Graph 5 Alumina price trend in Henan 6
Graph 6 Alumina price trend in Guangxi 6
Graph 7 Price trend of 80-100 mesh aluminum hydroxide 6
Graph 8Aluminum ingot price on Chinese market 7
Graph 9 Chinese secondary aluminum alloy ingot prices movement 7
Graph 10 Chinese aluminum fluoride export prices movement 7
Graph 11 45% bauxite prices FOB Malaysia 8
Graph 12 50% Australian bauxite prices CIF China 8
Graph 13 Price trend of imported alumina 8
Graph 14 Sport price trend of imported alumina at ports 9
Graph 15 Aluminum settlement on LME 9
Graph 16 Aluminum warehouse on LME 9
Graph 17 Chinese secondary aluminum alloy ingot export price movement 9
Graph 18 Chinese Zorba aluminum scrap import price movement 10
Graph 19 Chinese aluminum fluoride output by month 10
Graph 20 The operating rate for Chinese running aluminum fluoride producers 10
Graph 21 Chinese aluminum fluoride consumption by month 10
Graph 22 Aluminum fluoride consumption by major regions 11
Graph 23 Chinese aluminum fluoride producers’ sales volume by month 11
Graph 24 Chinese demand for imported bauxite by month 11
Graph 25 Chinese annual consumption capacity for imported bauxite by month 11
Graph 26 China’s imported bauxite stocks by month 12
Graph 27 China's alumina producers' days consumption of inventory for imported bauxite statistics by month 12
Graph 28 Chinese alumina output by month 12
Graph 29 Chinese alumina monthly output by region 12
Graph 30 Alumina stocks held by Chinese smelters by month 13
Graph 31 Chinese imported alumina stocks by month 13
Graph 32 Consumption for imported alumina in China 14
Graph 33 Chinese primary aluminum output by month 14
Graph 34 Chinese primary aluminum output by province by month 14
Graph 35 Chinese secondary aluminum alloy ingot output by month 15
Graph 36 Chinese secondary aluminum alloy ingot plants’ operating rate by major province by month 15
Graph 37 Chinese bauxite imports by month 15
Graph 38 Chinese bauxite import by major countries by month 16
Graph 39 Chinese aluminum fluoride export by month 17
Graph 40 Chinese aluminum fluoride export by major countries by month 17
Graph 41 China's monthly imports of alumina 18
Graph 42 China’s alumina imports from major countries by month 18
Graph 43 Chinese aluminum alloy export volume by month 18
Graph 44 Chinese aluminum alloy export volume by major country by month 19
Graph 45 Chinese aluminum scraps import volume by month 20
Graph 46 Chinese aluminum scrap import volume by major country by month 20

Table 1 Chinese bauxite import by major countries in May 16
Table 2 Chinese bauxite importers in May 16
Table 3Chinese aluminum fluoride exporters in May 17
Table 4 Detailed information for China's alumina imports in May 18
Table 5 Chinese major alumina importers in May 2016 18
Table 6 Chinese top ten secondary aluminum alloy exporters in May 2016 19
Table 7 Major Chinese aluminum alloy export companies in May 19
Table 8 Chinese top ten aluminum scrap importers in May 2016 20
Table 9 Chinese major aluminum scrap importers in May 21

.Asian Metal Copyright7 Chinese secondary aluminum alloy ingot export prices down 9 4Asian Metal Copyright