Aluminum Market Report October 2016

Content
1. Abstract 4
2. Company news 4
3. Chinese domestic market review 4
3.1 Aluminum ingot price jumps 4
3.2 Alumina supply is tight due to tight transportation 4
3.3 Alumina transportation in Shanxi is tight 5
3.4 Alumina price in Shandong much lower 5
3.5 Alumina supply in Henan tight 5
3.6 Alumina price in southwest China to go higher 5
3.7 Aluminum hydroxide price jumps 6
3.8 Aluminum fluoride prices went up 6
3.9 ADC12 aluminum alloy ingot price followed up 6
4. International market review 7
4.1 Aluminum on LME climbs up 7
4.2 Imported alumina prices follow up 7
4.3 Imported alumina price rebounds in port 7
4.4 Chinese demand for Malaysian bauxite strengthens 7
4.5 Brazilian bauxite prices moved up 8
4.6 Indian bauxite prices at low levels 8
4.7 Export quotations for Chinese aluminum fluoride up 9
4.8 Chinese ADC12 aluminum alloy ingot export prices up 9
4.9 Aluminum scrap import prices firm with supply tight 9
5 Supply & Demand analysis 10
5.1 Electrolytic aluminum output slightly up by 1% MOM in October 10
5.2 China’s alumina output up by 3.1% MOM in October 10
5.3 Chinese alumina smelters’ stocks down by 9% MOM in late Oct 11
5.4 China’s imported alumina stocks up by 23.6% MOM in late October 11
5.5 Chinese consumption volume for imported bauxite up by 3.6% MOM in October 12
5.6 Chinese aluminum fluoride producers’ inventories down by 32.7% MOM until late October 13
6 Imp & Exp Analysis 13
6.1 China's alumina imports up by 11% MOM in Sep 13
6.2 Chinese bauxite import volume down by 2.87% YOY Jan-Sep 14
6.3 Chinese aluminum fluoride export volume up by 88.2% MOM in September 15
6.4 Chinese aluminum alloy export volume down by 6.4% YOY Jan-Sep 16
6.5 Chinese aluminum scraps import volume down by 13.8% YOY Jan-Sep 17
7 Outlook for November 18
7.1 Aluminum alloy prices retreat 18
7.2 Aluminum fluoride prices continue to go up 18
7.3 Alumina prices up 19

Graph 1 Chinese aluminum ingot prices 4
Graph 2 Chinese alumina prices 5
Graph 3 Alumina price in Shanxi 5
Graph 4 Alumina price in Shandong 5
Graph 5 Alumina prices in Henan 5
Graph 6 Aluminum hydroxide prices 6
Graph 7 Chinese aluminum fluoride prices movement 6
Graph 8 Chinese ADC12 aluminum alloy ingot prices 6
Graph 9 Aluminum settlement on LME 7
Graph 10 Aluminum stocks on LME 7
Graph 11 Imported alumina price CIF China 7
Graph 12 Imported alumina prices exports 7
Graph 13 40% bauxite prices FOB Malaysia 8
Graph 14 Al 50% Brazilian bauxite price 8
Graph 15 43% Indian bauxite prices CFR China 8
Graph 16 Chinese aluminum fluoride export FOB prices 9
Graph 17 ADC12 aluminum alloy ingot prices FOB China 9
Graph 18 Zorba Aluminum scrap 93% price trend 10
Graph 19 China’s electrolytic aluminum output by month 10
Graph 20 China’s electrolytic aluminum output by month by major regions 10
Graph 21 China’s alumina output by month 10
Graph 22 China’s alumina output by region 11
Graph 23 Chinese alumina smelters’ stocks by month 11
Graph 24 Chinese imported alumina stocks 12
Graph 25 Chinese consumption volume of imported bauxite by month 12
Graph 26 Chinese imported bauxite inventory by month 12
Graph 27 Chinese aluminum fluoride producers’ inventories by month 13
Graph 28 China's aluminum fluoride producers' days sales of inventory statistics by month 13
Graph 29 China's monthly imports for alumina 13
Graph 30 China's monthly imports for alumina by country 14
Graph 31 Chinese bauxite import by month 14
Graph 32 Chinese bauxite import from major countries 14
Graph 33 Chinese aluminum fluoride export by month 15
Graph 34 Chinese aluminum fluoride export by major countries by month 16
Graph 35 Chinese aluminum alloy exports by month 16
Graph 36 Chinese aluminum alloy export by major countries 17
Graph 37 Chinese aluminum scraps import by month 17
Graph 38 Chinese aluminum scraps import by month 18

Table 1 Details of China's imports of alumina in Sep 14
Table 2 Chinese bauxite import in September 15
Table 3 Chinese bauxite importers in September 15
Table 4 Chinese aluminum fluoride exporters in September 16
Table 5 Chinese ADC12 aluminum alloy exporters in September 17
Table 6 Chinese aluminum scraps importers in September 18

.Asian Metal Copyright3 Imported alumina price rebounds in port 7 4Asian Metal Copyright