Monthly Aluminum Market Report September 2017

Content
1. Monthly Highlights 3
2. Company News 3
3. Chinese market 3
3.1 Economy and Policy 3
3.2 Market Movements 3
3.2.1 Supply for Chinese origin bauxite tight 4
3.2.2 Chinese alumina prices soar 4
3.2.3 Alumina prices to rise in Shanxi and Henan 4
3.2.4 Alumina prices up in Guangxi 4
3.2.5 Aluminum hydroxide prices rise 5
3.2.6 Aluminum fluoride prices surge 5
3.2.7 Primary aluminum prices fluctuate 5
3.2.8 ADC12 aluminum alloy ingot prices increase 5
4. International Market 6
4.1 Economy and Policy 6
4.2 Market Movements 6
4.2.1 Malaysian bauxite exports stalled 6
4.2.2 Indonesia bauxite prices under pressure 6
4.2.3 China’s demand for Australian monohydrate bauxite increase 6
4.2.4 Indian bauxite suppliers to recover export 7
4.2.5 Imported alumina prices rise substantially 7
4.2.6 Chinese aluminum fluoride producers’ export willingness low 7
4.2.7 LME aluminum prices move down before up 8
4.2.8 ADC12 aluminum alloy ingot export prices up 8
4.2.9 Aluminum scrap import prices go up 8
5. Producers Statistics 8
5.1 Chinese September alumina output up by 3.4% MOM 8
5.2 Chinese aluminum fluoride output up by 5% MOM 9
5.3 Chinese secondary aluminum alloy output up by 12.9% MOM in Sep 2017 10
5.4 China’s primary aluminum output down by 4.53% MOM in September 10
6. Consumers Statistics 11
6.1 Chinese demand for imported bauxite up by 5% MOM in September 11
7. Customs Statistics 12
7.1 Chinese bauxite imports up by 6.3% MOM in August 12
7.2 Chinese alumina imports down by 3.4% YOY Jan-Aug 2017 13
7.3 Chinese aluminum fluoride exports down by 37.5% YOY Jan-Aug 14
7.4 China’s aluminum alloy exports up by 10.8% MOM in August 2017 14
7.5 China’s aluminum scrap imports up by 4.5% in August 2017 15
8. Relevant Industry News 16
8.1 Fluorspar prices hit bottom 16
8.2 Caustic soda liquid prices edge up 16
9. Market outlook for next month 16
9.1 Alumina prices to rise further 16
9.2 Aluminum fluoride prices to rise further 17
9.3 Primary aluminum prices fluctuate up 17
9.4 ADC12 aluminum alloy ingot prices up 17

Graph 1 Chinese bauxite (Al:Si=5.5) VAT-excluded delivered price trend 4
Graph 2 Chinese alumina 98.5% ex-work price trend 4
Graph 3 Alumina 98.5% price trend in Shanxi 4
Graph 4 Alumina 98.5% price trend in Henan 4
Graph 5 Alumina 98.5% price trend in Guangxi 5
Graph 6 Chinese aluminum hydroxide 98.5% ex-work price trend 5
Graph 7 Chinese aluminum fluoride 61% ex-work price trend 5
Graph 8 Chinese primary aluminum price trend 5
Graph 9 Chinese secondary aluminum alloy ingot price trend 6
Graph 10 Malaysian bauxite 40% FOB price trend 6
Graph 11 Australian bauxite 52% CIF China price trend 7
Graph 12 Indian bauxite 43% CIF China price trend 7
Graph 13 Chinese imported alumina 98.5% CIF China price trend 7
Graph 14 Chinese imported alumina 98.5% delivered-to-port price trend 7
Graph 15 Chinese aluminum fluoride 61% FOB price trend 8
Graph 16 LME aluminum spot settlement price trend 8
Graph 17 LME aluminum stock trend 8
Graph 18 Chinese secondary aluminum alloy ingot FOB price trend 8
Graph 19 Chinese imported Zobra aluminum scrap CIF price trend 8
Graph 20 Chinese alumina output by month 9
Graph 21 Chinese alumina output by major provinces by month 9
Graph 22 Chinese alumina producers’ stocks by month 9
Graph 23 Chinese aluminum fluoride output by month 9
Graph 24 Chinese aluminum fluoride output by major provinces by month 10
Graph 25 Chinese aluminum fluoride stocks by month 10
Graph 26 Chinese secondary aluminum alloy output by month 10
Graph 27 Chinese secondary aluminum alloy monthly output by region 10
Graph 28 China’s monthly output of primary aluminum in 2016-2017 11
Graph 29 China’s monthly output of primary aluminum by province 11
Graph 30 Chinese demand for imported bauxite by month 11
Graph 31 China’s imported bauxite stocks by month 12
Graph 32 Chinese bauxite imports by month 12
Graph 33 Chinese bauxite imports by major countries by month 12
Graph 34 Chinese alumina imports by month 13
Graph 35 Chinese alumina imports by major origins 13
Graph 36 Chinese aluminum fluoride exports by month 14
Graph 37 Chinese aluminum fluoride exports by major countries by month 14
Graph 38 China’s aluminum alloy exports by month from Jan 2016 to Aug 2017 14
Graph 39 Monthly exports for Chinese aluminum alloy by country from Jan 2016 to Aug 2017 15
Graph 40 China’s aluminum scrap imports by month 15
Graph 41 China’s month aluminum scrap imports by origin country 16
Graph 42 Chinese fluorspar 97% delivered price trend 16

Table 1 China’s imported bauxite prices by region on 29 Sep 6
Table 2 China’s primary aluminum outputs by region in September 11
Table 3 Chinese bauxite imports by countries 12
Table 4 China’s major bauxite importers in August 13
Table 5 Chinese alumina imports in August 13
Table 6 Major Chinese alumina importers in August 13
Table 7 Major Chinese alumina importers in August 13
Table 8 Major Chinese aluminum fluoride exporters in August 14
Table 9 Chinese top ten secondary aluminum alloy exporters in August 2017 15
Table 10 Major Chinese aluminum alloy exporters in August 15
Table 11 China’s month aluminum scrap imports by origin country 16
Table 12 Chinese top ten aluminum scrap importers in August 2017 16
Table 13 Major Chinese aluminum scraps importers in August 16
.Asian Metal Copyright5% YOY Jan-Aug 14 7Asian Metal Copyright