Monthly Aluminum Market Report Jan 2019
2019-02-15 16:04:32 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1 Market Highlights
In January, Chinese origin bauxite prices edged down due to the sluggish alumina market and more bauxite supply in Shanxi and Henan. From mid-to-late January, alumina plants held stocks for one-two months.
As fluorspar prices moved down and aluminum fluoride stocks increased, Chinese aluminum fluoride prices dropped sharply in January and downstream buyers were inactive in purchasing.
Due to more supply and decreasing prices of Chinese bauxite, inland alumina plants had less demand for the imported material.
In January, some major Indonesian bauxite producers didn't get new export quota and saw lower production during the rainy season, so the transactions shrank. Before the Spring Festival, Chinese traders also decided to watch the market.
Early this month, some primary aluminum plants began to made replenishment for the Spring Festival holiday but the overall volume was limited. Late this month, some traders left the market for holiday, leading to few deals.
Primary aluminum prices kept fluctuating this month. A few plants cut production by limited scale and some began to produce aluminum ingot by cutting aluminum liquid production. With the Spring Festival coming, downstream plants' operating rate decreased.
In January, Chinese aluminum alloy ingot prices moved down before up and slipped to RMB13,900-14,100/t (USD2,057-2,086/t) EXW D/P on 22 January. The mainstream transaction prices on 31 January stood at RMB14,000-14,200/t (USD2,072-2,101/t), down by RMB100/t (USD14.80/t) from late December.
In January, Chinese origin bauxite prices edged down due to the sluggish alumina market and more bauxite supply in Shanxi and Henan. From mid-to-late January, alumina plants held stocks for one-two months.
As fluorspar prices moved down and aluminum fluoride stocks increased, Chinese aluminum fluoride prices dropped sharply in January and downstream buyers were inactive in purchasing.
Due to more supply and decreasing prices of Chinese bauxite, inland alumina plants had less demand for the imported material.
In January, some major Indonesian bauxite producers didn't get new export quota and saw lower production during the rainy season, so the transactions shrank. Before the Spring Festival, Chinese traders also decided to watch the market.
Early this month, some primary aluminum plants began to made replenishment for the Spring Festival holiday but the overall volume was limited. Late this month, some traders left the market for holiday, leading to few deals.
Primary aluminum prices kept fluctuating this month. A few plants cut production by limited scale and some began to produce aluminum ingot by cutting aluminum liquid production. With the Spring Festival coming, downstream plants' operating rate decreased.
In January, Chinese aluminum alloy ingot prices moved down before up and slipped to RMB13,900-14,100/t (USD2,057-2,086/t) EXW D/P on 22 January. The mainstream transaction prices on 31 January stood at RMB14,000-14,200/t (USD2,072-2,101/t), down by RMB100/t (USD14.80/t) from late December.
