Aluminum market report April 2013

Contents
Abstract 1
1 Financial Information 1
1.1 Domestic financial information 1
1.1.Asian Metal Copyright5 Chinese aluminum semi-products exports up by 3.Asian Metal Copyright1 CPI increases by 2.Asian Metal Copyright3.Asian Metal Copyright1% year-on-year while PPI decreases by 1.9 year-on-year 1
1.1.Asian Metal Copyright8% MOM in March 37 8 Outlook for November 38 8.Asian Metal Copyright2 PMI in April decreases by 0.3% from March 2
1.2 International financial information 3
1.2.1 International crude oil price sees fluctuation in April 3
1.2.2 US dollar index stabilizes at high levels 4
1.2.3 FED cancels quantitative easing policies, hitting nonferrous metals market 5
2 Company news 6
2.1 International company news 6
2.2 Chinese domestic company news 6
3 Chinese domestic market review 8
3.1 Aluminum ingot market 8
3.1.1 Up-trend not obvious for aluminum ingot price 8
3.1.2 Aluminum ingot supply a bit tight in some regions 8
3.2 Alumina market 9
3.2.1 Chinese alumina price decreases slightly further 9
3.3 Aluminum alloy 10
3.3.1 Aluminum alloy ingot price stable at low levels 10
3.3.2 Increase of purchases in Chinese secondary aluminum alloy market not obvious 11
3.4 Carbon anode 11
3.4.1 Carbon anode price increases while the market remains slack 11
3.4.2 Carbon cathode producers sign new orders 12
4 International market review 12
4.1 LME aluminum price bumped up and down 12
4.2 LME aluminum inventories decreases gradually 13
4.3 Aluminum alloy export price dropped a bit with deals thin 13
4.4 Chinese bauxite import price to rise hopefully 14
4.5 Australian alumina trading thin due to soft demand 15
4.6 Aluminum fluoride export price declines gradually 16
5 Related industry development 17
5.1 Petroleum coke price declines 17
5.2 Aluminum fluoride price keeps stable 17
5.3 Aluminum hydroxide price decreases slightly due to sluggish market 18
5.4 Deals in aluminum scraps market thin 19
6 Production data 19
6.1 Primary aluminum 19
6.1.1 Chinese primary aluminum production decreased slightly in April 19
6.1.2 Willingness for smelting plants to cut production weak 20
6.2 Aluminum alloy 21
6.2.Asian Metal Copyright5 Carbon anode 26 6.Asian Metal Copyright1 Operating rate of Chinese secondary aluminum alloy plants down to 51.9% in Apr 21
6.2.Asian Metal CopyrightContents Abstract 1 1 Financial Information 1 1.Asian Metal Copyright3 Chinese motors sales up by 13. 2% YOY in the first quarter of 2013 21
6.3 Alumina 22
6.3.Asian Metal Copyright1 Chinese aluminum scraps import down by 10.Asian Metal Copyright1 Chinese alumina production up by 0.25% MOM in April 22
6.3.2 Statistics of alumina stocks in March 23
6.4 Aluminum fluoride 24
6.4.Asian Metal Copyright4.Asian Metal Copyright1 Chinese aluminum fluoride output down by 5.8% in Apr MOM 24
6.4.2 Statistics of aluminum fluoride stocks in March 25
6.5 Carbon anode 26
6.5.Asian Metal Copyright1 Chinese commercial carbon anode output up by 0.Asian Metal Copyright1 Chinese commercial carbon anode output up by 0.48% in April MOM 26
6.5.2 Statistics of carbon anode stocks in March 27
7 Import & Export data analysis 28
7.1 Bauxite 28
In the previous month, China did not see bauxite import from any other countries. 29
7.2 Alumina 30
7.2.Asian Metal Copyright1 Chinese alumina production up by 0.Asian Metal Copyright1 Chinese alumina import down by 42.86% MOM in March 30
7.2.2 Top 6 alumina importers in March 30
7.3 Aluminum alloy 31
7.3.Asian Metal Copyright4 Carbon anode 11 3.Asian Metal Copyright1 Chinese aluminum alloy export down by 32.76% in Q1 YOY 31
7.3.2 Chinese top ten aluminum alloy exporters in March 2013 32
7.4 Aluminum scrap 33
7.4.Asian Metal Copyright1 Primary aluminum 19 6.Asian Metal Copyright1 Chinese aluminum scraps import down by 10.4% YOY in Mar 33
7.4.2 Chinese top ten aluminum scrap importers in March 2013 34
7.5 Chinese aluminum semi-products exports up by 3.9% YOY in Q1 34
7.6 Aluminum Fluoride 35
7.7 Chinese carbon anode export volume up by 18.8% MOM in March 37
8 Outlook for November 38
8.1 Aluminum ingot price may keep rebounding slightly 38
8.2 Alumina price hard to rebound obviously 38
8.3 Carbon anode price keeps low 38
8.4 Aluminum fluoride price to fall 39

Picture& Table Column
Picture 1 China’s CPI and PPI trend in 2011-2013 2
Picture 2 China’s PMI in 2011-2013 3
Picture 3 Major contracts prices of future crude oil in the US in February 4
Picture 4 US dollar index trend 5
Picture 5 Aluminum Ingot price in Chinese market (RMB/t) 8
Picture 6 Chinese origin alumina price movement Jan-Apr, 2013 (RMB/t) 9
Picture 7 Chinese ADC12 aluminum alloy price movement in Apr 10
Picture 8 Chinese A356 aluminum alloy price movement in Apr 11
Picture 9 LME aluminum cash price chart (USD/t) 13
Picture 10 LME aluminum inventories (tons) 13
Picture 11 Chinese bauxite import price in Jan-Mar 14
Picture 12 Australian origin alumina price movement Jan-Apr, 2013 (USD/t) 15
Picture 13 Australian origin alumina CIF China price movement Jan-Apr, 2013 (USD/t) 16
Picture 14 Chinese aluminum fluoride export price FOB China Jan-Apr. (USD/t) 16
Picture 15 Chinese aluminum fluoride export price FOB China Jan-Mar 17
Picture 16 Aluminum fluoride price movement in 2013 (RMB/t) 18
Picture 17 Aluminum hydroxide price movement Apr, 2012-Apr, 2013 (RMB/t) 19
Picture 18 Chinese motors sales in 2012 and 2013 (Unit: 10,000) 22
Picture 19 China’s alumina production in 2013 (10,000t) 23
Picture 20 Alumina consumption by region in March, 2013 (10,000t) 24
Picture 21 Aluminum fluoride output in Apr 25
Picture 22 Aluminum fluoride consumption by region in Mar 26
Picture 23 Chinese carbon anode output in Apr 27
Picture 24 Carbon anode consumption by region in Mar 27
Picture 25 Chinese bauxite imports 28
Picture 26 Chinese bauxite imports from major countries 29
Picture 27 Chinese alumina import Jan-Mar 2013 (10,000t) 30
Picture 28 Chinese aluminum alloy export in 2012 and 2013 32
Picture 29 Chinese aluminum scraps import in 2012 and 2013 33
Picture 30 Chinese aluminum semi-products exports 35
Picture 31 Carbon anode export price in Mar 37

Table 1 Chinese Carbon anode price by region on 28 Apr 12
Table 2 Output of primary aluminum in Chinese major producing areas in April (Unit: 10,000t) 20
Table 3 Operating rate of Chinese main secondary aluminum alloy plants in April 21
Table 4 Chinese bauxite import details in March 29
Table 5 Top 6 Chinese alumina import companies in March 2013 31
Table 6 Chinese top ten aluminum alloy exporters in Mar, 2013 32
Table 7 Chinese top ten aluminum scrap importers in Mar, 2013 34
Table 8 Chinese aluminum fluoride exporters in March 36
Table 9 Main carbon anode exporters in Mar 37

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