AM Statistics: Chinese consumption volume for imported bauxite up by 5.9% YOY in 2016
2017-01-10 08:55:43 [Print]
BEIJING (Asian Metal) 10 Jan 17 - According to Asian Metal Database, China consumed around 56.5 million tonnes of imported bauxite in 2016, up by 5.9% YOY. In addition, the inventories of the material slipped by 10.5% YOY to around 29.5 million tonnes until late 2016.
Unit: KT
Chinese consumption for imported bauxite by month
Because of alumina market recovery, demand for imported bauxite witnessed significant progress in 2016 and the annual consumption capacity also reached 71.26 million tonnes until late 2016, up by 17.9% YOY.
Unit: KT
Chinese annual consumption capacity for imported bauxite by month
The demand increase was mainly from Shandong province, where the demand proportion reached 98.3% in 2016, up from 96.3% in 2015. The rest was from Henan, Chongqing and Inner Mongolia. The demand from Henan slipped from 1.6% in 2015 to 0.1% in 2016, as consumers suspended imported bauxite consumption because of high cost.
In spite of demand increase in China, imported bauxite supply was not stable. Malaysia issued bauxite mining ban early 2016. Chinese consumers had to develop new resources from Guinea. Imported bauxite stocks dropped by 10.5% YOY to around 29.5 million tonnes late 2016. In 2017, Malaysia may open bauxite mining and Guinean bauxite supply will increase further, so the stocks may climb up gradually.
Unit: KT
Chinese imported bauxite stocks by month
Unit: KT
Chinese consumption for imported bauxite by month
Because of alumina market recovery, demand for imported bauxite witnessed significant progress in 2016 and the annual consumption capacity also reached 71.26 million tonnes until late 2016, up by 17.9% YOY.
Unit: KT
Chinese annual consumption capacity for imported bauxite by month
The demand increase was mainly from Shandong province, where the demand proportion reached 98.3% in 2016, up from 96.3% in 2015. The rest was from Henan, Chongqing and Inner Mongolia. The demand from Henan slipped from 1.6% in 2015 to 0.1% in 2016, as consumers suspended imported bauxite consumption because of high cost.
In spite of demand increase in China, imported bauxite supply was not stable. Malaysia issued bauxite mining ban early 2016. Chinese consumers had to develop new resources from Guinea. Imported bauxite stocks dropped by 10.5% YOY to around 29.5 million tonnes late 2016. In 2017, Malaysia may open bauxite mining and Guinean bauxite supply will increase further, so the stocks may climb up gradually.
Unit: KT
Chinese imported bauxite stocks by month
Bauxite Australian Monohydrate 50%min CIF China
Unit:USD/dt
China bauxite producers' inventory to production ratio statistics by province by month
Unit: %
