Monthly Aluminum Market Report Oct 2020
2020-11-17 11:51:48 【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
1.1 Chinese origin bauxite
In October, prices for Chinese origin bauxite increased slightly and the supply increased slightly in the market, while the purchase demand also strengthened.
1.2 Imported bauxite
Because of the increase in sea freight, the CIF prices for Guinean and Australian bauxite in China increased in October, but prices for Indonesian bauxite fell slightly.
1.3 Aluminum fluoride
In October, prices for aluminum fluoride went up and large numbers of aluminum fluoride producers cut production, supporting the price to increase.
FOB export prices for aluminum fluoride rose during the month, helped by reduced domestic supply and higher prices.
1.4 Alumina
After the National Day holiday this month, the alumina market in China remains quiet, suppliers hold back from selling and firm their prices, but most buyers still wait on the sidelines, so the spot market keeps quiet.
The market of imported alumina has been active this month as a result of the stronger RMB exchange rate and widened price difference at home and abroad.
1.5 Aluminum hydroxide
This month, prices for aluminum hydroxide kept stable and the market remained quiet.
1.6 Primary aluminum
In the peak season, downstream demand remained good. Primary aluminum prices remained high this month, aluminum ingot spot market saw active transactions, and the social inventory continued to decline.
1.7 Secondary aluminum alloy ingot
In October, the demand for secondary aluminum alloy ingot was strong, downstream customers are active in purchasing and producers saw tight supply of secondary aluminum alloy ingot restricted by capacity and cast aluminum scrap, the raw material.
1.8 Alumina bar
In October, the demand for Chinese aluminum bar continues to weaken, aluminum bar producers saw more inventories and bore more sales pressure, and downstream profile enterprises cut purchase volume.
1.1 Chinese origin bauxite
In October, prices for Chinese origin bauxite increased slightly and the supply increased slightly in the market, while the purchase demand also strengthened.
1.2 Imported bauxite
Because of the increase in sea freight, the CIF prices for Guinean and Australian bauxite in China increased in October, but prices for Indonesian bauxite fell slightly.
1.3 Aluminum fluoride
In October, prices for aluminum fluoride went up and large numbers of aluminum fluoride producers cut production, supporting the price to increase.
FOB export prices for aluminum fluoride rose during the month, helped by reduced domestic supply and higher prices.
1.4 Alumina
After the National Day holiday this month, the alumina market in China remains quiet, suppliers hold back from selling and firm their prices, but most buyers still wait on the sidelines, so the spot market keeps quiet.
The market of imported alumina has been active this month as a result of the stronger RMB exchange rate and widened price difference at home and abroad.
1.5 Aluminum hydroxide
This month, prices for aluminum hydroxide kept stable and the market remained quiet.
1.6 Primary aluminum
In the peak season, downstream demand remained good. Primary aluminum prices remained high this month, aluminum ingot spot market saw active transactions, and the social inventory continued to decline.
1.7 Secondary aluminum alloy ingot
In October, the demand for secondary aluminum alloy ingot was strong, downstream customers are active in purchasing and producers saw tight supply of secondary aluminum alloy ingot restricted by capacity and cast aluminum scrap, the raw material.
1.8 Alumina bar
In October, the demand for Chinese aluminum bar continues to weaken, aluminum bar producers saw more inventories and bore more sales pressure, and downstream profile enterprises cut purchase volume.
