Chinese aluminum hydroxide suppliers expect for higher prices
2017-09-19 08:42:05 [Print]
BEIJING (Asian Metal) 19 Sep 17 - Following alumina prices, Chinese aluminum hydroxide prices climbed up by around RMB100/t (USD15/t) to RMB2,100/t (USD320/t) ex works on average last week. This Monday, the price touched RMB2,200/t (USD335/t), with the offer at around RMB2,300/t (USD350/t). A few suppliers hold on from sales, as they predict that the price may go up further.
A Henan-based aluminum hydroxide trader reported that they refuse to sell the material below RMB2,300/t (USD350/t) ex works now. “We sold around 60t of the material at around RMB2,200/t (USD335/t) ex works last week,” said the source, adding that they are prudent in sales as the price may go up further, pushed up by the alumina price increase. Alumina prices in China rose by RMB50/t (USD8/t) to RMB3,150-3,200/t (USD479-487/t) ex works on the spot market on Monday.
With monthly sales volume of around 3,000t, the trader holds around 2,000t in stock now.
A producer in Shandong confirmed that they offered RMB2,300/t (USD350/t) for aluminum hydroxide on Monday and had no deals. “We sold around 1,000t of the material at RMB2,200/t (USD335/t) last week,” said the source, adding that they now control aluminum hydroxide deals at 200t the most per day. He believed that consumers will accept RMB2,300/t (USD350/t) this week easily because of the strong alumina market.
They focus on the production of alumina with capacity of 1.7 million tonnes per year and the current monthly output is around 140,000t, which is mainly used by themselves for primary aluminum production with capacity of 800,000tpy.
In August, they sold around 8,000t of aluminum hydroxide and hold no stock at present.
A Henan-based aluminum hydroxide trader reported that they refuse to sell the material below RMB2,300/t (USD350/t) ex works now. “We sold around 60t of the material at around RMB2,200/t (USD335/t) ex works last week,” said the source, adding that they are prudent in sales as the price may go up further, pushed up by the alumina price increase. Alumina prices in China rose by RMB50/t (USD8/t) to RMB3,150-3,200/t (USD479-487/t) ex works on the spot market on Monday.
With monthly sales volume of around 3,000t, the trader holds around 2,000t in stock now.
A producer in Shandong confirmed that they offered RMB2,300/t (USD350/t) for aluminum hydroxide on Monday and had no deals. “We sold around 1,000t of the material at RMB2,200/t (USD335/t) last week,” said the source, adding that they now control aluminum hydroxide deals at 200t the most per day. He believed that consumers will accept RMB2,300/t (USD350/t) this week easily because of the strong alumina market.
They focus on the production of alumina with capacity of 1.7 million tonnes per year and the current monthly output is around 140,000t, which is mainly used by themselves for primary aluminum production with capacity of 800,000tpy.
In August, they sold around 8,000t of aluminum hydroxide and hold no stock at present.
Aluminum Hydroxide 64.5%min EXW China
Unit:RMB/mt
China liquid aluminum producers' output statistics by province by month
Unit: mt
