Aluminum Market Report February 2017

Content

Introduction 4
1 Company news 4
2 Chinese domestic market review 4
2.1 Electrolytic aluminum prices rise before slipping 4
2.2 Alumina prices down in China 5
2.3 Alumina transactions sparse in Shanxi 5
2.4 Alumina prices follow suit to dip in Henan 6
2.5 Alumina prices down in Southwest China 6
2.6 Aluminum hydroxide prices stable 6
2.7 Aluminum fluoride prices boom with tight supply 6
2.8 ADC12 aluminum alloy prices fluctuate upwards 7
3 International market review 7
3.1 LME aluminum prices up 7
3.2 Imported alumina prices pick up 8
3.3 China’s demand for Malaysian bauxite remains strong 8
3.4 Indian bauxite transactions limited 9
3.5 Aluminum fluoride exporters’ export interest weak 9
3.6 ADC12 aluminum alloy export prices up 10
4 Supply & Demand analysis 10
4.1 China’s alumina output down by 4.9% MOM in Feb 10
4.2 China’s imported alumina stocks down by 5.6% MOM in late February 2017 11
4.3 Chinese demand for imported bauxite up by 7.4% MOM in February 11
5 Imp & Exp Analysis 12
5.1 China’s alumina imports down by 27% MOM in Jan 12
5.2 China’s aluminum fluoride output down by 19.74% MOM in February 13
5.3 China’s bauxite import down by 11.74% YOY in January 2017 14
5.4 China’s aluminum fluoride export down by 11.4% YOY in January 2017 15
5.5 Chinese aluminum alloy export volume down by 6% YOY in January 16
5.6 Chinese aluminum scrap import volume down by 3.8% MOM in January 18
6 Market outlook for March 20
6.1 Decreases in Alumina prices to increase 20
6.2 Aluminum fluoride prices to hike 20

Graph 1 Primary aluminum price trend in China 5
Graph 2 Alumina price trend for in China (RMB/t) 5
Graph 3 Price trend for alumina in Shanxi (RMB/t) 5
Graph 4 Price trend for alumina in Henan (RMB/t) 6
Graph 5 Aluminum hydroxide 80-100 mesh prices (RMB/t) 6
Graph 6 Chinese aluminum fluoride prices 7
Graph 7 Chinese ADC12 EXW prices by cash 7
Graph 8 Aluminum settlement on LME (USD/t) 7
Graph 9 Aluminum stocks on LME (tonne) 8
Graph 10 Import alumina price CIF China (USD/t) 8
Graph 11 Price for bauxite Al 40% FOB Malaysia 9
Graph 12 CIF Price for Indian bauxite Al 43% 9
Graph 13 Chinese aluminum fluoride FOB prices 9
Graph 14 CIF Price for Chinese aluminum alloy 10
Graph 15 China’s alumina output by month (10kt) 10
Graph 16 China’s alumina output by province and month (10kt) 10
Graph 17 China’s imported alumina stocks (10kt) 11
Graph 18 Chinese consumption for imported bauxite by month 11
Graph 19 Chinese imported bauxite inventory by month 12
Graph 20 China's alumina producers' de-stocking days for imported 12
Graph 21 China’s monthly imports of alumina (10kt) 12
Graph 23 China’s monthly alumina imports by major countries (10kt) 13
Graph 24 China’s aluminum fluoride output by month 13
Graph 25 The operating rate for Chinese running aluminum fluoride plants by month 14
Graph 26 China’s bauxite import by month 14
Graph 27 China’s bauxite import by major countries by month 14
Graph 28 China’s aluminum fluoride exports by month 15
Graph 29 China’s monthly aluminum fluoride export by major countries 16
Graph 30 Chinese aluminum alloy export volume by month (ton) 17
Graph 31 Chinese aluminum alloy export volume by major country by month (ton) 17
Graph 32 Chinese aluminum alloy export volume by Hongkong by month (ton) 17
Graph 33 Chinese aluminum scraps import volume by month (1,000t) 19
Graph 34 Chinese aluminum scrap import volume by major country by month (1,000t) 19

Table 1 China’s monthly alumina output by key province (kt) 11
Table 2 China’s alumina imports in January 12
Table3 Chinese bauxite import in January by countries (t) 14
Table 4 Exporters of Chinese bauxite in January 15
Table 5 China’s aluminum fluoride export by countries in January: 16
Table 6 Major China’s aluminum fluoride exporters in January 16
Table 7 Chinese aluminum alloy export by major countries in January 2017 17
Table 8 Chinese top ten secondary aluminum alloy exporters in January 2017 17
Table 9 Major Chinese aluminum alloy export companies in January 2017 18
Table 10 Chinese aluminum scraps import by countries in 2017 19
Table 11 Chinese top ten aluminum scrap importers in January 2017 19
Table 12 Chinese major aluminum scrap importers in January 2017 19

.Asian Metal Copyright5 Chinese aluminum alloy export volume down by 6% YOY in January 16 5Asian Metal Copyright