Monthly Aluminum Market Report Nov 2017

Content
1 Market Highlights 4
2 Company News 4
3 Chinese Market 4
3.1 Economy and Policy 4
3.2 Market Movements 4
3.2.1 Chinese inland alumina refineries saw bauxite stocks increase 4
3.2.2 Alumina prices down and deals thin 5
3.2.3 Alumina supply in Shanxi sufficient 5
3.2.4 Alumina refineries in Henan cut production by 10% 5
3.2.5 Alumina refineries in southwest China cut sales to northwest 5
3.2.6 Aluminum hydroxide prices followed down 6
3.2.7 Aluminum fluoride consumers prudent in adding stocks 6
3.2.8 Primary aluminum prices plunge 6
3.2.9 ADC12 aluminum alloy ingot prices plummet 6
4 International Market 7
4.1 Economy and Policy 7
4.2 Market movements 7
4.2.1 Malaysian bauxite export market quiet 7
4.2.2 Bauxite export quota continued to increase in Indonesia 7
4.2.3 Alumina refineries in Henan cautious in importing bauxite 7
4.2.4 Indian bauxite export market quiet 7
4.2.5 Imported alumina prices down 8
4.2.6 Chinese aluminum fluoride export deals thin 8
4.2.7 LME aluminum prices drop on the whole 8
4.2.8 LME aluminum stocks on the decline 8
4.2.9 Export prices for ADC12 aluminum alloy ingot decrease 8
4.2.10 Chinese imported Zorba aluminum scrap prices rise 9
5 Producers Statistics 9
5.1 Global alumina output down by 3.5% MOM in October 9
5.2 China's alumina output down by 2.2% MOM in November 9
5.3 Chinese aluminum fluoride output up by 19% MOM in November 10
5.4 China's imported alumina stocks down by 39.3% MOM late November 10
5.5 Chinese primary aluminum outputs down by 0.9% MOM in Nov 2017 11
5.6 Chinese secondary aluminum alloy output down by 1.66% MOM in November 2017 11
6 Consumers Statistics 12
6.1 Chinese demand for local bauxite down by 2.51% MOM in November 12
6.2 China's imported bauxite stocks down by 2.7% MOM in late November 12
7 Customs Statistics 13
7.1 Chinese October bauxite imports down by 31.9% MOM 13
7.2 Chinese alumina imports from Australia down by 27.3% MOM in October 14
Table 5 Major Chinese alumina importers in October 14
7.3 Chinese October aluminum fluoride exports down by 57.2% MOM 15
Table 6 Major Chinese aluminum fluoride exporters in October 15
7.4 Chinese aluminum alloy exports down by 15.6% MOM in Oct 2017 15
7.5 China's aluminum scrap imports down by 1.5% MOM in Oct 2017 16
8 Relevant Industry News 17
8.1 Fluorspar prices retreated 17
Graph 46 Chinese fluorspar 97% delivered price trend (RMB/t) 17
9 Market Outlook for Next Month 17
9.1 Alumina prices to go down further 17
9.2 Aluminum fluoride prices retreat 17
9.3 Primary aluminum prices fluctuate 17
9.4 ADC12 aluminum alloy ingot prices fluctuate down 18

Graph 1 Chinese bauxite (Al:Si=5.5) VAT-excluded delivered price trend 4
Graph 2 Chinese alumina 98.5% ex-work price trend 4
Graph 3 Alumina 98.5% price trend in Shanxi 4
Graph 4 Alumina 98.5% price trend in Henan 4
Graph 5 Alumina 98.5% price trend in Guangxi 4
Graph 6 Chinese aluminum hydroxide 64.5% ex-work price trend 5
Graph 7 Chinese aluminum fluoride 61% ex-work price trend 5
Graph 8 Chinese primary aluminum price trend 5
Graph 9 Chinese secondary aluminum alloy ingot price trend 6
Graph 10 Malaysian bauxite 40% FOB price trend 6
Graph 11 Indonesian bauxite Al 46%min prices CIF China 6
Graph 12 Australian bauxite 52% CIF China price trend 6
Graph 13 Indian bauxite 43% CIF China price trend 6
Graph 14 Chinese imported alumina 98.5% CIF China price trend 7
Graph 15 Chinese imported alumina 98.5% ex ports price trend 7
Graph 16 Chinese aluminum fluoride 61% FOB price trend 8
Graph 17 LME aluminum spot settlement price trend 8
Graph 18 LME aluminum stock trend 8
Graph 19 Chinese secondary aluminum alloy ingot FOB price trend 8
Graph 20 Chinese imported Zorba aluminum scrap CIF price trend 8
Graph 21 Global alumina output by month 8
Graph 22 Global alumina output by regions by month 8
Graph 23 China's alumina output by month 8
Graph 24 China's alumina output by regions by month 9
Graph 25 Chinese aluminum fluoride output by month 9
Graph 26 Chinese aluminum fluoride output by regions by month 9
Graph 27 China's imported alumina stocks by month 9
Graph 28 Chinese primary aluminum outputs by month 10
Graph 29 Chinese primary aluminum outputs by region and month 10
Graph 30 Chinese secondary aluminum alloy output by month 10
Graph 31Chinese secondary aluminum alloy output by month and region 11
Graph 32 Chinese demand for local bauxite 11
Graph 33 Chinese demand for local bauxite by regions by month 11
Graph 34 China's imported bauxite stocks by month 11
Graph 35 China's demand for imported bauxite by month 12
Graph 36 Chinese bauxite imports by month 12
Graph 37 Chinese bauxite imports by major countries by month 12
Graph 38 Chinese alumina imports by major countries by month 13
Graph 39 Chinese alumina imports by month 13
Graph 40 Chinese aluminum fluoride exports by month 14
Graph 41 Chinese aluminum fluoride exports by major countries by month 14
Graph 42 China's aluminum alloy exports by month 14
Graph 43 China's aluminum alloy exports by destination and month 15
Graph 44 China's aluminum scrap imports by month 15
Graph 45 China's aluminum scrap monthly imports by country 16
Graph 46 Chinese fluorspar 97% delivered price trend 16

Table 1 Chinese primary aluminum outputs by region in Nov 10
Table 2 Chinese bauxite imports by major countries in October 12
Table 3 Chinese bauxite importers in October 13
Table 4 Chinese alumina imports by major countries in October 13
Table 5 Major Chinese alumina importers in October 13
Table 6 Major Chinese aluminum fluoride exporters in October 14
Table 7 China's aluminum alloy exports by destination 15
Table 8 Chinese top ten secondary aluminum alloy exporters in Oct 2017 15
Table 9 Chinese secondary aluminum alloy exporters in Oct 2017 15
Table 10 China's aluminum scrap imports by country 16
Table 11 Chinese top ten aluminum scrap importers in Oct 2017 16
Table 12 Chinese aluminum scrap importers in Oct 2017 16


.Asian Metal Copyright6% MOM in Oct 2017 15 7Asian Metal Copyright