2012 Annual Report on Fused Alumina Market

In 2012, Chinese domestic steel industry went through the tough time with low concluded steel price, and most producers suffered losses. At the same time, brown fused alumina market continued the downward trend with the H2 being the most severe for producers.Asian Metal Copyright The export market of fused alumina was sluggish as debt crisis speeded in European countries, and economy slowly recovered in America.Asian Metal Copyright Because of huge losses in steel industry, brown fused alumina prices dropped to its lowest level in years as producers were barely able to cover variable production cost.Asian Metal Copyright .Asian Metal Copyright As a result of future uncertainty created by the weak market, many producers have been forced to scale down or shut operations in Henan, while most producers faced high stockpile although they had the preferential power price during the wet season in Guizhou.

The export market of fused alumina was sluggish as debt crisis speeded in European countries, and economy slowly recovered in America. However, the consumption of Japan and other Asian countries remained steady.Asian Metal Copyright .Asian Metal Copyright The appreciation of RMB against Dollar also made the export market slowed down further.