Fused Alumina Market Report July 2014

Contents
Abstract 1
1 Financial overview 1
1.1 Domestic financial overview 1
1.1.Asian Metal Copyright1 Chinese brown fused alumina smelters’ operation rate unchanged in July 10 5.Asian Metal Copyright1 CPI up by 2.Asian Metal Copyright6 Yilong Advanced Material makes a transition to high quality brown fused alumina production 6 2.Asian Metal Copyright3% and PPI down by 1.1% YOY in June 1
1.1.2 July PMI hits another new high 2
1.2 International financial overview 3
1.2.1 Crude oil futures prices fall back 3
1.2.2 US dollar Index continues to climb 4
2. Company News 5
2.1 Brown fused alumina company news 5
2.1.1 Jiahua Refractory cuts its output by 2,000t in July 5
2.1.2 Sanshi Silicon Carbide designing a new production line 5
2.1.3 Hongda Micro Powder Factory halts brown fused alumina powder production 5
2.1.4 Guoqiang Abrasives cuts brown fused alumina segment sands output by half in July 6
2.1.5 Nuolei Abrasive Material resumes brown fused alumina production in July 6
2.1.6 Yilong Advanced Material makes a transition to high quality brown fused alumina production 6
2.1.7 Yinxing Abrasives cuts brown fused alumina output by 500t in July 6
2.2 White fused alumina company news 6
2.2.1 Tiantong Mineral resumes white fused alumina production 6
2.2.2 Xinxing Fused Alumina cuts white fused alumina output by 1,000t in July 6
3. Domestic market review 7
3.1 Sales percentage of high quality brown fused alumina expands 7
3.2 White fused alumina prices firm in the Chinese domestic market 7
4. International market review 8
4.1 Brown fused alumina overseas market remains flat 8
4.2 Chinese white fused alumina export market generally flat 9
5. Chinese brown fused alumina smelters’ operation rate and inventory analysis 10
5.1 Chinese brown fused alumina smelters’ operation rate unchanged in July 10
5.2 Chinese brown fused alumina inventory rises by 9% by the end of July 10
6. Export data analysis 11
6.1 Chinese brown fused alumina export analysis 11
6.1.1 Chinese brown fused alumina exports down by 52% MOM 11
6.1.2 The US brown fused alumina imports from China dramatically increase in June 12
6.1.3 The top ten Chinese brown fused alumina exporters in June 14
6. Related industry news 14
6.1 Investment growth rate in overcapacity industries drops significantly in China 14
6.2 China’s largest steel province-Hebei reports positive results in H1 15
7. Outlook for August 15
7.1 Brown fused alumina market remains sluggish and prices maintain at the low level 15
7.2 White fused alumina market unlikely to improve in the coming month 16
Appendix 16


Picture 1 China’s CPI and PPI trend between 2012 and 2014 2
Picture 2 China’s PMI between 2012 and 2014 3
Picture 3 US crude oil futures price trend on major transaction market in July 4
Picture 4 US dollar index trend 5
Picture 5 Chinese domestic price for brown fused alumina 95%min 1-3mm in July (RMB/t) 7
Picture 6 Chinese domestic price for white fused alumina 99%min 1-3mm in July (RMB/t) 8
Picture 7 Export price for Chinese white fused alumina 99%min 1-3mm FOB China in July (USD/t) 9
Picture 8 Chinese brown fused alumina export volumes from Jan to Jun in 2014 12
Picture 9 Chinese brown fused alumina export volumes by major destination 13

Table 1 Chinese brown fused alumina smelters operation rate statistics by region 10
Table 2 Chinese brown fused alumina enterprises inventory statistics by region 11
Table 3 Chinese brown fused alumina export volumes by country in May and Jun 13
Table 4 Chinese top ten brown fused alumina exporters in June 14
Table 5 Chinese brown fused alumina export statistics by enterprise in June 16