Aluminum Market Report March 2015

Abstract 2
1 Company news 2
2 Chinese domestic market review 2
2.1 Rebounding aluminum ingot prices hard to push up alumina prices 2
2.2 Aluminum fluoride market moves down 3
2.3 Chinese aluminum hydroxide prices down a bit 4
2.4 Primary aluminum price rebound strongly 5
2.5 Chinese secondary aluminum alloy prices stable 5
3 International market review 6
3.1 Malaysian bauxite supply increase 6
3.2 Offers of Indian bauxite increase 7
3.3 Chinese aluminum fluoride export prices move down 8
3.4 Imported alumina prices touch bottom 9
3.5 Aluminum futures on the LME fluctuate at a relative low level 10
3.6 LME aluminum inventories decrease at first and move upward after that, and then reduce again 10
3.7 Chinese secondary aluminum alloy ingot export prices on the slide 11
3.8 Related industry developments 12
4 Production data analysis 12
4.1 Chinese aluminum fluoride output up by 8.7% MOM in March 12
4.2 Chinese alumina output up by 8.7% MOM in March 13
4.3 China’s imported bauxite stocks down by 2.9% MOM in late March 14
4.4 Chinese primary aluminum output up by 3,900t in March 15
4.6 Aluminum ingot stocks monthly up by 202,000t in late March on Chinese market 19
4.7 Operating rate for Chinese secondary aluminum alloy plants up by 15% MOM in March 20
5 Import & Export data analysis 22
5.1 Chinese alumina import volume down by 14.3% MOM in February 22
5.2 Chinese aluminum fluoride exports up by 10.8% MOM in February 24
5.3 Chinese bauxite import volume up by 15.8% MOM in February 2015 26
5.4 Chinese aluminum scrap imports down by 42.76% MOM in February 2015 28
5.6 Chinese aluminum alloy exports down by 40.55% MOM in February 2015 31
5.7 Chinese carbon anode exports decrease by 39.2% MOM in February 34
6 Outlook for April 36
6.1 Price for aluminum ingot may fluctuate to increase 36
6.2 Secondary aluminum alloy prices may move upward 36


Graph 1 Chinese alumina prices movement 4
Graph 2 Chinese aluminum fluoride prices movement in 2015 5
Graph 3 Chinese aluminum hydroxide prices movement in 2015 5
Graph 4 Aluminum Ingot price tendency on the Chinese market in March 6
Graph 5 Chinese ADC12 aluminum alloy ingot price movement in March 7
Graph 6 Price movement for Malaysia bauxite Al 42% Si 5% CIF China 8
Graph 7 Price movement for Indian bauxite Al 43% CIF China 9
Graph 8 Chinese aluminum fluoride export prices movement FOB China 10
Graph 9 Australian alumina price movement CIF China 11
Graph 10 LME aluminum price movement in March 11
Graph 11 LME aluminum inventory movement in March 12
Graph 12 Export price movement for Chinese secondary aluminum alloy ingot in March 12
Graph 13 Chinese aluminum fluoride output by month 13
Graph 14 Chinese alumina output statistics by month 14
Graph 15 Chinese alumina output by major provinces by month 15
Graph 16 China’s imported bauxite stocks 2014-2015 15
Graph 17 Chinese monthly consumption for imported bauxite 2014-2015 16
Graph 18 China’s primary aluminum output statistics by month 18
Graph 19 Outputs of primary aluminum by region in China in March 18
Graph 20 Aluminum ingot stocks in Chinese spot market in 2015 21
Graph 21 Chinese secondary aluminum alloy operating rate 2015 22
Graph 22 Chinese alumina imports 2014-2015 24
Graph 23 Chinese alumina imports from major countries 24
Graph 24 Chinese aluminum fluoride exports by month 26
Graph 25 Chinese aluminum fluoride exports by major countries by month 26
Graph 26 Chinese bauxite imports 2014-2015 28
Graph 27 Chinese bauxite import volume by major countries by month 28
Graph 28 Chinese aluminum scraps import volume 30
Graph 29 Chinese aluminum scrap imports by major origins 31
Graph 30 Chinese import price for US aluminum scrap by long-term contract 31
Graph 31 Chinese aluminum alloy exports 33
Graph 32 Chinese aluminum alloy exports by major destinations 34
Graph 33 Chinese aluminum alloy export prices by destination from 2014 to 2015 34
Graph 34 Chinese carbon anode exports from 2014 to 2015 35
Graph 35 Export volume for carbon anode by main country 36

Table 1 Output and operating rate of primary aluminum in China’s major production areas in March 16
Table 2 Chinese primary aluminum capacity cut in Q1 18
Table 3 Average operating rate of Chinese main secondary aluminum alloy plants in March 23
Table 4 Chinese alumina imports in February 24
Table 5 Major Chinese alumina importers in February 25
Table 6 Chinese aluminum fluoride exporters in February 27
Table 7 Chinese bauxite imports in February 29
Table 8 Chinese bauxite importers in February 29
Table 9 Chinese top ten aluminum scrap importers in February, 2015 32
Table 10 Chinese top ten aluminum alloy exporters in February 34
Table 11 Chinese top ten carbon anode exporters in February 36

.Asian Metal Copyright2 Secondary aluminum alloy prices may move upward 36 Graph 1 Chinese alumina prices movement 4 Graph 2 Chinese aluminum fluoride prices movement in 2015 5 Graph 3 Chinese aluminum hydroxide prices movement in 2015 5 Graph 4 Aluminum Ingot price tendency on the Chinese market in March 6 Graph 5 Chinese ADC12 aluminum alloy ingot price movement in March 7 Graph 6 Price movement for Malaysia bauxite Al 42% Si 5% CIF China 8 Graph 7 Price movement for Indian bauxite Al 43% CIF China 9 Graph 8 Chinese aluminum fluoride export prices movement FOB China 10 Graph 9 Australian alumina price movement CIF China 11 Graph 10 LME aluminum price movement in March 11 Graph 11 LME aluminum inventory movement in March 12 Graph 12 Export price movement for Chinese secondary aluminum alloy ingot in March 12 Graph 13 Chinese aluminum fluoride output by month 13 Graph 14 Chinese alumina output statistics by month 14 Graph 15 Chinese alumina output by major provinces by month 15 Graph 16 China’s imported bauxite stocks 2014-2015 15 Graph 17 Chinese monthly consumption for imported bauxite 2014-2015 16 Graph 18 China’s primary aluminum output statistics by month 18 Graph 19 Outputs of primary aluminum by region in China in March 18 Graph 20 Aluminum ingot stocks in Chinese spot market in 2015 21 Graph 21 Chinese secondary aluminum alloy operating rate 2015 22 Graph 22 Chinese alumina imports 2014-2015 24 Graph 23 Chinese alumina imports from major countries 24 Graph 24 Chinese aluminum fluoride exports by month 26 Graph 25 Chinese aluminum fluoride exports by major countries by month 26 Graph 26 Chinese bauxite imports 2014-2015 28 Graph 27 Chinese bauxite import volume by major countries by month 28 Graph 28 Chinese aluminum scraps import volume 30 Graph 29 Chinese aluminum scrap imports by major origins 31 Graph 30 Chinese import price for US aluminum scrap by long-term contract 31 Graph 31 Chinese aluminum alloy exports 33 Graph 32 Chinese aluminum alloy exports by major destinations 34 Graph 33 Chinese aluminum alloy export prices by destination from 2014 to 2015 34 Graph 34 Chinese carbon anode exports from 2014 to 2015 35 Graph 35 Export volume for carbon anode by main country 36 Table 1 Output and operating rate of primary aluminum in China’s major production areas in March 16 Table 2 Chinese primary aluminum capacity cut in Q1 18 Table 3 Average operating rate of Chinese main secondary aluminum alloy plants in March 23 Table 4 Chinese alumina imports in February 24 Table 5 Major Chinese alumina importers in February 25 Table 6 Chinese aluminum fluoride exporters in February 27 Table 7 Chinese bauxite imports in February 29 Table 8 Chinese bauxite importers in February 29 Table 9 Chinese top ten aluminum scrap importers in February, 2015 32 Table 10 Chinese top ten aluminum alloy exporters in February 34 Table 11 Chinese top ten carbon anode exporters in February 36 Asian Metal Copyright