Monthly Aluminum Market Report Jul 2018
2018-08-14 17:56:20 【Print】
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1. Market Highlights
In July, the supply of Chinese origin bauxite was tight still. Bauxite price kept going up in Shanxi and Henan where consumers increased imports of bauxite.
Aluminum fluoride producers' operating rate remained low in July. Chinese aluminum fluoride plants took turns halting production, leading to tight supply in the market along with increasing prices.
In early July, most alumina plants in Shanxi and Henan suspended production due to the lack of bauxite and low prices for alumina in the market. Later this month, alumina price went up due to decreased supply. In late July, mainstream transaction price stood at RMB2,960-3,010/t (USD430-437/t), up by about RMB240/t (USD34.86/t) from early the month.
In late July, international alumina price rose to USD520/t, so Chinese traders actively sought opportunity of export business.
In July, prices for primary aluminum increased by RMB390/t (USD56.65/t) on the whole and reached RMB14,340-14,440/t (USD1,938-2,098/t) on July 31. Alumina price kept rising from late June, so primary aluminum producers faced more production costs. People's Bank of China launched the one-year Medium-term Lending Facility of RMB502 billion on July 23, release the signal of a slack fiscal policy.
In July, prices for Chinese ADC12 aluminum alloy ingot went down by RMB100/t (USD14.53/t) and dropped to RMB14,800-15,000/t (USD2,150-2,179/t) on July 31.
In July, the supply of Chinese origin bauxite was tight still. Bauxite price kept going up in Shanxi and Henan where consumers increased imports of bauxite.
Aluminum fluoride producers' operating rate remained low in July. Chinese aluminum fluoride plants took turns halting production, leading to tight supply in the market along with increasing prices.
In early July, most alumina plants in Shanxi and Henan suspended production due to the lack of bauxite and low prices for alumina in the market. Later this month, alumina price went up due to decreased supply. In late July, mainstream transaction price stood at RMB2,960-3,010/t (USD430-437/t), up by about RMB240/t (USD34.86/t) from early the month.
In late July, international alumina price rose to USD520/t, so Chinese traders actively sought opportunity of export business.
In July, prices for primary aluminum increased by RMB390/t (USD56.65/t) on the whole and reached RMB14,340-14,440/t (USD1,938-2,098/t) on July 31. Alumina price kept rising from late June, so primary aluminum producers faced more production costs. People's Bank of China launched the one-year Medium-term Lending Facility of RMB502 billion on July 23, release the signal of a slack fiscal policy.
In July, prices for Chinese ADC12 aluminum alloy ingot went down by RMB100/t (USD14.53/t) and dropped to RMB14,800-15,000/t (USD2,150-2,179/t) on July 31.
