Chinese aluminum fluoride exports down by 10.3% MOM in May

BEIJING (Asian Metal) 28 Jun 16 - According to China Customs, China exported around 9,765t of aluminum fluoride in May, down by 10.3% MOM. The total exports from January to May were around 44,341t, down by 37.5% YOY.

Unit: ton

Chinese aluminum fluoride export by month

In May, Chinese exports to Russia and Australia dropped by 31.5% and 39% MOM to 3480t and 2133t respectively. Because of low offers from Italy and the UAE, consumers from India and Bahrain did not resume purchase from China in May.

Given the soft demand from export market, aluminum fluoride stocks in the domestic market accumulated gradually, weighing on the price further. In late June, the aluminum fluoride price in Xinjiang dropped by around RMB100/t to around RMB6,290/t d.d.p.

Rusal and Alcoa plan to make new purchase bids in late June or early July. In view of the price decline in the domestic market, the export price may go down further. The current price is around USD940-970/t FOB China.

Unit: ton

Chinese aluminum fluoride export by major countries by month