Monthly Aluminum Market Report Jun 2020
2020-07-15 22:06:50 【Print】
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1 Market Highlights
1.1 Chinese origin bauxite
In early June, prices for Chinese origin bauxite continued to decline, but late this month, prices began to rebound and the supply became tight.
1.2 Imported bauxite
Due to the increase of sea freight, the CIF prices for imported bauxite generally rose in China, but because of the weak demand in inland China, buyers and sellers still focused on implementation of previous contracts.
1.3 Aluminum fluoride
In June, prices for Chinese aluminum fluoride went down sharply. Although aluminum fluoride plants cut production, the demand increased slowly and the market was oversupplied . Meanwhile, export prices declined sharply accordingly and the demand overseas shrank.
1.4 Alumina
Alumina prices rose slightly this month, mainly driven by stronger aluminum prices; the operating rate of alumina enterprises in northern China was low, and the spot market was in short supply. The spot market kept quiet.
The market demand in China kept strong and alumina prices in overseas market also increased slightly this month.
1.5 Aluminum hydroxide
This month, prices for aluminum hydroxide increased slightly and most downstream consumers purchased from hand to mouth, resulting in stable transactions in the spot market.
1.6 Primary aluminum
This month, prices for primary aluminum kept rising strongly, the downstream demand was strong, the supply of aluminum ingot in the spot market continued to be tight, and the social inventory kept falling. The profitability of primary aluminum plant was good and the operating rate increased.
1.7 Secondary aluminum alloy ingot
June is the traditional off season of secondary aluminum alloy market, but the overall demand has not declined sharply. The production and sales of the majority of the secondary aluminum alloy producers kept stable from May.
1.1 Chinese origin bauxite
In early June, prices for Chinese origin bauxite continued to decline, but late this month, prices began to rebound and the supply became tight.
1.2 Imported bauxite
Due to the increase of sea freight, the CIF prices for imported bauxite generally rose in China, but because of the weak demand in inland China, buyers and sellers still focused on implementation of previous contracts.
1.3 Aluminum fluoride
In June, prices for Chinese aluminum fluoride went down sharply. Although aluminum fluoride plants cut production, the demand increased slowly and the market was oversupplied . Meanwhile, export prices declined sharply accordingly and the demand overseas shrank.
1.4 Alumina
Alumina prices rose slightly this month, mainly driven by stronger aluminum prices; the operating rate of alumina enterprises in northern China was low, and the spot market was in short supply. The spot market kept quiet.
The market demand in China kept strong and alumina prices in overseas market also increased slightly this month.
1.5 Aluminum hydroxide
This month, prices for aluminum hydroxide increased slightly and most downstream consumers purchased from hand to mouth, resulting in stable transactions in the spot market.
1.6 Primary aluminum
This month, prices for primary aluminum kept rising strongly, the downstream demand was strong, the supply of aluminum ingot in the spot market continued to be tight, and the social inventory kept falling. The profitability of primary aluminum plant was good and the operating rate increased.
1.7 Secondary aluminum alloy ingot
June is the traditional off season of secondary aluminum alloy market, but the overall demand has not declined sharply. The production and sales of the majority of the secondary aluminum alloy producers kept stable from May.