Monthly Aluminum Market Report Dec 2019
2020-04-21 21:51:30 【Print】
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1 Market Highlights
1.1 Bauxite
Prices for Chinese origin bauxite fell slightly in December. On the one hand, the alumina market was sluggish and the operating rate declined, which weakened the demand for bauxite; on the other hand, the dependence on imported bauxite increased.
The sea freight was high in Guinea and Indonesia, while the CIF price in China hovered at low levels. Chinese alumina plants are inactive in purchasing at the end of the year.
1.2 Aluminum fluoride
Prices for aluminum fluoride in China hit the bottom and rebounded in December. Aluminum fluoride plants generally plan to suspend or cut production in January and the price rise expectation increased.
1.3 Alumina
Alumina prices stopped falling and became stable this month and most alumina plants in northern China held back from selling. With the Spring Festival approaching, most primary aluminum plants had finished the replenishment of stocks late this month, and traders left the market one after another, leading to rare transactions on the spot market.
1.4 Primary aluminum
Prices for primary aluminum increased late this month and the supply of aluminum ingot on the spot market remained tight as downstream consumers were active in purchasing to fulfill order delivery. The decline in social inventory expanded.
1.5 Secondary aluminum alloy
In December, downstream consumers replenished stocks for the year-end production and automotive OEMs' demand for secondary aluminum alloy was strong because they needed to complete the annual production plan, while the supply of aluminum scrap continued to be tight.
1.1 Bauxite
Prices for Chinese origin bauxite fell slightly in December. On the one hand, the alumina market was sluggish and the operating rate declined, which weakened the demand for bauxite; on the other hand, the dependence on imported bauxite increased.
The sea freight was high in Guinea and Indonesia, while the CIF price in China hovered at low levels. Chinese alumina plants are inactive in purchasing at the end of the year.
1.2 Aluminum fluoride
Prices for aluminum fluoride in China hit the bottom and rebounded in December. Aluminum fluoride plants generally plan to suspend or cut production in January and the price rise expectation increased.
1.3 Alumina
Alumina prices stopped falling and became stable this month and most alumina plants in northern China held back from selling. With the Spring Festival approaching, most primary aluminum plants had finished the replenishment of stocks late this month, and traders left the market one after another, leading to rare transactions on the spot market.
1.4 Primary aluminum
Prices for primary aluminum increased late this month and the supply of aluminum ingot on the spot market remained tight as downstream consumers were active in purchasing to fulfill order delivery. The decline in social inventory expanded.
1.5 Secondary aluminum alloy
In December, downstream consumers replenished stocks for the year-end production and automotive OEMs' demand for secondary aluminum alloy was strong because they needed to complete the annual production plan, while the supply of aluminum scrap continued to be tight.
