Monthly Aluminum Market Report Aug 2020
2020-09-16 17:47:12 【Print】
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1 Market Highlights
1.1 Chinese origin bauxite
In August, prices for Chinese origin bauxite continued to increase, the supply of bauxite in the inland areas continued to be tight and the operating rate of alumina plants remained high.
1.2 Imported bauxite
In August, prices for Indonesian and Australian bauxite continued to rise, while the supply decreased. However, spot transactions at the Guinea bauxite port increased and prices fell.
1.3 Aluminum fluoride
In August, prices for Chinese aluminum fluoride went up and the demand in domestic market recovered, but in late August, the operating rate of aluminum fluoride plants improved and the price lacked momentum to rise further.
1.4 Alumina
Domestic alumina prices remained stable in early-to-mid August, but rose slightly in late August due to the news of overseas production reduction. Most primary aluminum plants held sufficient raw material inventories and remained on the sidelines. The spot market was quiet.
Alumina prices in overseas market also increased slightly late this month.
1.5 Aluminum hydroxide
Driven by the price rise of alumina, the price of aluminum hydroxide in China rose slightly in the late August. Most downstream consumers kept purchase from hand to mouth and the spot market remained quiet.
1.6 Primary aluminum
In the first half of this month, the price of primary aluminum fluctuated around RMB14,500/t (USD2,130/t), and rose to about RMB14,700/t (USD2,159/t) in the second half of this month. Gradually entering into the peak season, the spot market sees active transactions. The profitability of primary aluminum plants is good, and the operating rate continues to rise.
1.7 Secondary aluminum alloy ingot
In August, the downstream consumers of secondary aluminum alloy ingot stopped production and took high temperature leave, and the market demand dropped significantly. After finishing the vacation in late August, they became keen in replenishing inventory. Imported aluminum alloy ingot ADC12 lost its price advantage and almost no new deals were closed.
1.1 Chinese origin bauxite
In August, prices for Chinese origin bauxite continued to increase, the supply of bauxite in the inland areas continued to be tight and the operating rate of alumina plants remained high.
1.2 Imported bauxite
In August, prices for Indonesian and Australian bauxite continued to rise, while the supply decreased. However, spot transactions at the Guinea bauxite port increased and prices fell.
1.3 Aluminum fluoride
In August, prices for Chinese aluminum fluoride went up and the demand in domestic market recovered, but in late August, the operating rate of aluminum fluoride plants improved and the price lacked momentum to rise further.
1.4 Alumina
Domestic alumina prices remained stable in early-to-mid August, but rose slightly in late August due to the news of overseas production reduction. Most primary aluminum plants held sufficient raw material inventories and remained on the sidelines. The spot market was quiet.
Alumina prices in overseas market also increased slightly late this month.
1.5 Aluminum hydroxide
Driven by the price rise of alumina, the price of aluminum hydroxide in China rose slightly in the late August. Most downstream consumers kept purchase from hand to mouth and the spot market remained quiet.
1.6 Primary aluminum
In the first half of this month, the price of primary aluminum fluctuated around RMB14,500/t (USD2,130/t), and rose to about RMB14,700/t (USD2,159/t) in the second half of this month. Gradually entering into the peak season, the spot market sees active transactions. The profitability of primary aluminum plants is good, and the operating rate continues to rise.
1.7 Secondary aluminum alloy ingot
In August, the downstream consumers of secondary aluminum alloy ingot stopped production and took high temperature leave, and the market demand dropped significantly. After finishing the vacation in late August, they became keen in replenishing inventory. Imported aluminum alloy ingot ADC12 lost its price advantage and almost no new deals were closed.
