Monthly Aluminum Market Report Jan 2021

1 Market Highlights

1.1 Chinese origin bauxite

In January, prices for Chinese origin bauxite edged down, and some inland alumina plants cut production and the demand declined. Bauxite suppliers became more active in selling before the Spring Festival.

1.2 Imported bauxite

In January, the consumption demand for imported bauxite in China increased but the purchase demand was weak, so the inventory was sufficient.

1.3 Alumina

Before the Spring Festival, the stocking demand in the downstream market continued to increase, but the transportation was blocked, so the price of Chinese origin alumina rose slightly in January.

1.4 Aluminum fluoride

Aluminum fluoride producers increased production before the Spring Festival holiday while the stocking in the downstream market has ended, so prices bore a downward pressure.

1.5 Primary aluminum

In early January, the price of primary aluminum continued to decline due to the rebound of the epidemic, and the price of aluminum bottomed out in mid-to-late January and maintained a narrow range of fluctuation. End customers were active in stocking, and the social inventory of primary aluminum fell slightly.

1.6 Secondary aluminum alloy ingot

In early January, affected by the continuous decline of primary aluminum price, the price of secondary aluminum alloy ingot fell accordingly. In mid-to-late January, the supply of cast aluminum scrap was tight, and the price of secondary aluminum alloy ingot stopped falling and rebounded slightly.

1.7 Alumina bar

In early January, the price of primary aluminum continued to decline, and profile enterprises waited on the sidelines and had less interest in purchasing. In mid-to-late January, the price of primary aluminum bottomed out and kept fluctuating within a narrow range and aluminum bar consumers began to prepare stocks actively.

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