Aluminum Market Report January 2017

Content
Introduction 2
1 Company news 2
2 Chinese domestic market review 2
2.1 Electrolytic aluminum prices fluctuate upwards 2
2.2 Alumina market sees limited activity 3
2.3 Low-priced alumina can be found in Shanxi 3
2.4 alumina stocks limited in Henan 4
2.5 Alumina prices firm in Southwest China 4
2.6 Prices for aluminum hydroxide in disparity 4
2.7 Aluminum fluoride prices continue to move up 4
2.8 Secondary aluminum alloy plants suspend production for holiday 5
3 International market review 5
3.1 LME aluminum prices up 5
3.2 Prices for imported alumina take the lead in falling 6
3.3 Spot supply of imported alumina at ports tight 6
3.4 Indonesia announces to resume bauxite exports 6
3.5 Malaysian bauxite trading volume rebound 7
3.6 Chinese buyers watch Indian bauxite market 7
3.7 Brazilian bauxite prices up 8
3.8 Export prices for Chinese secondary aluminum alloy down 8
3.9 Aluminum scraps import prices slip before moving up 8
4 Supply & Demand analysis 9
4.1 China’s electrolytic aluminum output up by 2.2% MOM in January 9
4.2 China’s alumina output up by 1.9% MOM in Jan 10
4.3 China’s imported alumina stocks up by 18% MOM in late January 10
4.4 Chinese consumption volume for imported bauxite up by 2.2% MOM in January 11
4.5 Chinese consumption for aluminum fluoride up to 50,000t in January 11
4.6 Chinese secondary aluminum alloy output down by 23.9% MOM in January 12
5 Imp & Exp Analysis 13
5.1 China’s alumina imports up by 39.8% MOM in December 2016 13
5.2 Chinese aluminum alloy export volume down by 7.58% YOY in 2016 14
5.3 Chinese aluminum fluoride export volume down by 25.4% YOY in 2016 16
5.4 Chinese bauxite import volume in 2016 down by 7.24% YOY 17
6 Market outlook for February 21
6.1 Alumina prices to slip slightly 21
6.2 Aluminum fluoride prices to rise 21

Graph 1 Primary aluminum price trend on Chinese market 5
Graph 2 Price trend for alumina in China 5
Graph 3 Price trend for alumina in Shanxi 6
Graph 4 Price trend for alumina in Henan 6
Graph 5 Aluminum hydroxide 80-100 mesh prices 6
Graph 6 Chinese aluminum fluoride prices 7
Graph 7 Chinese ADC12 aluminum alloy ingot prices 7
Graph 8 Aluminum settlement on LME 7
Graph 9 Aluminum stocks on LME 8
Graph 10 Import alumina price CIF China 8
Graph 11 Spot prices for imported alumina at ports 8
Graph 12 CIF Price trend for Indonesian bauxite Al 46% 9
Graph 13 FOB Price for Malaysian bauxite Al 40% 9
Graph 14 CIF Price for Indian bauxite Al 43% 9
Graph 15 CIF Price for Brazilian bauxite Al 50% 10
Graph 16 FOB Price for Chinese ADC12 aluminum alloy ingot 10
Graph 17 Price for Zorba CIF China 10
Graph 18 China’s monthly output of electrolytic aluminum in 2016-2017 11
Graph 19 China’s monthly output of electrolytic aluminum by province in 2016-2017 11
Graph 20 China’s alumina output by month 12
Graph 21 China’s alumina output by province per month 12
Graph 22 China’s imported alumina stocks by month 12
Graph 23 Chinese consumption volume for imported bauxite by month 13
Graph 24 Chinese imported bauxite inventory by month 13
Graph 25 Chinese secondary aluminum alloy production by month 14
Graph 26 Secondary aluminum alloy output by major regions by month 14
Graph 27 China’s alumina imports by month from January 2015 to December 2016 15
Graph 28 Chinese aluminum alloy export by month 16
Graph 29 Chinese aluminum alloy export by major countries 16
Graph 30 Chinese aluminum alloy export by year 16
Graph 31 Chinese aluminum alloy export by major countries by year 17
Graph 32 Chinese aluminum fluoride export volume by month 18
Graph 33 Chinese aluminum fluoride export by year 18
Graph 34 Chinese aluminum fluoride exports by major countries by year 19
Graph 35 Chinese bauxite import volume by month in 2016 19
Graph 36 Chinese bauxite import from major countries by month 20
Graph 37 Chinese aluminum scraps import by month 21
Graph 38 Chinese aluminum scraps import by major countries by month 22
Graph 39 Chinese aluminum scraps import by year 22
Graph 40 Chinese aluminum scraps import by major countries by year 22

Table 1 Main provinces that produce electrolytic aluminum 11
Table 2 China’s alumina imports in December 2016 15
Table 3 Chinese alumina importers by major countries 15
Table 4 Chinese aluminum alloy export by major countries in 2016 17
Table 5 Chinese aluminum alloy exporters in Dec 2016 17
Table 6 Aluminum fluoride exporters Dec 2016 19
Table 7 Chinese bauxite import by countries in December 2016 20
Table 8 Bauxite importers in Dec 2016 21
Table 9 Chinese aluminum scraps import by countries in 2016 22
Table 10 Chinese aluminum scraps importers Dec 2016 22

.Asian Metal Copyright8 Secondary aluminum alloy plants suspend production for holiday 5 3 International market review 5 3Asian Metal Copyright