Aluminum Market Report November 2016

Content
Abstract 4
1 Company news 4
2 Chinese domestic market review 4
2.1 Electrolytic aluminum prices fall back 4
2.2 Alumina prices up further on rising cost 5
2.3 Alumina prices up in Shanxi 5
2.4 Henan sees almost no spot supply of alumina 5
2.5 Alumina prices up initially in Southwestern China 6
2.6 Aluminum hydroxide prices surge 6
2.7 ADC12 aluminum alloy ingot prices hover at high levels 6
2.8 Rising aluminum fluoride prices slow down 7
3 International market review 7
3.1 Aluminum on LME prices move on V trend 7
3.2 Imported alumina prices follow up 7
3.3 Imported alumina price rebounds at port 8
3.4 Malaysian bauxite supply tightens further 8
3.5 Demand for Indian bauxite strengthens 8
3.6 Brazilian bauxite prices climb up 9
3.7 Export price for ADC12 aluminum alloy ingot firm 9
3.8 Aluminum fluoride export deals thin 9
3.9 Aluminum scraps import prices move up 10
4 Supply & Demand analysis 10
4.1 China’s imported alumina stocks stable MOM in late November 10
4.2 China’s imported bauxite stocks down by 2.1% MOM until late November 10
4.3 Chinese aluminum fluoride output up by 2% MOM in November 11
4.4 Chinese aluminum fluoride stocks up by 5.22% MOM until late November 12
4.5 Chinese November secondary aluminum alloy output up by 7.3% MOM 13
4.6 China’s electrolytic aluminum output up by 2.68% in Nov 13
4.7 Stocks for alumina produced by Chinese smelters up by 10% MOM in late Nov 14
5 Imp & Exp Analysis 14
5.1 Chinese October aluminum alloys export volume up by 2.5% MOM 14
5.2 Chinese October bauxite import volume from Malaysia down by 61.5% MOM 16
5.3 Chinese October aluminum fluoride export volume down by 36.7% MOM 17
5.4 Chinese October aluminum scraps import volume down by 14.6% MOM 19
5.5 Chinese alumina import by major origins in October 20
6 Market outlook for December 20
6.1 Alumina prices expected to surge further 20
6.2 Aluminum fluoride prices go up further 20
6.3 ADC12 aluminum alloy prices go down 21

Graph 1 Primary aluminum price trend on Chinese market 5
Graph 2 Price trend for alumina in China 5
Graph 3 Price trend for alumina in Shanxi 5
Graph 4 Aluminum ingot prices in Henan 6
Graph 5 Aluminum hydroxide 80-100 mesh prices 6
Graph 6 Chinese ADC12 aluminum alloy ingot prices 6
Graph 7 Chinese aluminum fluoride prices 7
Graph 8 Aluminum settlement on LME 7
Graph 9 Aluminum stocks on LME 7
Graph 10 Imported alumina price CIF China 8
Graph 11 Spot prices for imported alumina at ports 8
Graph 12 Price for bauxite Al 40% FOB Malaysia 8
Graph 13 Price for Indian bauxite 43% CIF China 9
Graph 14 Price for 50% Brazilian bauxite CIF China 9
Graph 15 Chinese ADC12 aluminum alloy ingot FOB price 9
Graph 16 Aluminum fluoride prices FOB China 9
Graph 17 Price for Zorba 93-3 CIF China 10
Graph 18 China's imported alumina stocks by month 10
Graph 19 China’s imported bauxite stocks by month 11
Graph 20 Chinese demand for imported bauxite by month 11
Graph 21 Chinese aluminum fluoride output by month 11
Graph 22 Chinese aluminum fluoride output by major regions 12
Graph 23 Operating rate of Chinese running aluminum fluoride plants by month 12
Graph 24 Chinese aluminum fluoride producers’ stocks by month 12
Graph 25 China's aluminum fluoride producers' days sales of inventory statistics by month 12
Graph 26 Chinese secondary aluminum alloy output by month 13
Graph 27 Operating rate for Chinese running secondary aluminum alloy plants by month 13
Graph 28 China’s monthly output for electrolytic aluminum 13
Graph 29 Monthly output for electrolytic aluminum in major regions of China 14
Graph 30 Monthly stocks for alumina held by Chinese smelters 14
Graph 31 Chinese aluminum alloys export volume by month 14
Graph 32 Chinese aluminum alloy exports by major countries by month 15
Graph 33 Chinese bauxite imports from major countries by month 16
Graph 34 Chinese bauxite import volume by month 17
Graph 35 Chinese aluminum fluoride export by month 18
Graph 36 Chinese aluminum fluoride exports by major countries by month 18
Graph 37 Chinese aluminum scraps import prices by month 19
Graph 38 Zorba 93-3 import price CIF China 19

Table 1 Chinese aluminum alloys export by major countries in October 15
Table 2 Major Chinese aluminum alloys exporters in October 15
Table 3 Chinese bauxite import by origins in October 17
Table 4 Chinese bauxite importers in October 17
Table 5 Chinese aluminum fluoride export by major destinations in October 18
Table 6 Chinese aluminum fluoride exporters in October 18
Table 7 Chinese aluminum scraps import by major origins in October 19
Table 8 Major Chinese aluminum scraps importers in October 19
Table 9 Chinese alumina import by major origins in October 20

.Asian Metal Copyright1 Electrolytic aluminum prices fall back 4 2Asian Metal Copyright