Chinese imported bauxite stocks up by 0.43% MOM late August
2014-09-02 11:06:00 [Print]
BEIJING (Asian Metal) 2 Sep 14 - According to Asian Metal, the latest imported bauxite stocks rose by 0.43% MOM to around 35.4 million tonnes late August. Chinese consumption for imported bauxite stabilized at around 3 million tonnes in August.
Chinese bauxite imports in July went up by 5.8% MOM to 3.1 million tonnes in July, while demand for the material witnessed no change, so the stocks climbed up a little late August.
From the above graph, we learn that the imported bauxite stocks have been increasing for two months, pointing to a soft demand or rising import.
Australia, India and Malaysia have become steady bauxite suppliers to China. In addition, Chinese buyers restocked bauxite from Africa and South America. However, Chinese demand for imported bauxite did not see any increase, as alumina refineries maintained low operating rate levels due to the sluggish alumina market. India may import less bauxite to China in August due to the rainy season. The imported bauxite stocks may have no great change in September.
From the above graph, we learn that Chinese consumption for imported bauxite remained steady at around 3 million tonnes in August. In spite of the rebounding alumina prices, Chinese alumina refineries still cannot earn much profit, so the operating rate was low in August. Most refineries have no intention to resume full production in the quarter to come, so the demand for imported bauxite may keep unchanged in September.
Chinese bauxite imports in July went up by 5.8% MOM to 3.1 million tonnes in July, while demand for the material witnessed no change, so the stocks climbed up a little late August.
From the above graph, we learn that the imported bauxite stocks have been increasing for two months, pointing to a soft demand or rising import.
Australia, India and Malaysia have become steady bauxite suppliers to China. In addition, Chinese buyers restocked bauxite from Africa and South America. However, Chinese demand for imported bauxite did not see any increase, as alumina refineries maintained low operating rate levels due to the sluggish alumina market. India may import less bauxite to China in August due to the rainy season. The imported bauxite stocks may have no great change in September.
From the above graph, we learn that Chinese consumption for imported bauxite remained steady at around 3 million tonnes in August. In spite of the rebounding alumina prices, Chinese alumina refineries still cannot earn much profit, so the operating rate was low in August. Most refineries have no intention to resume full production in the quarter to come, so the demand for imported bauxite may keep unchanged in September.
Caustic Soda 32%min Delivered China
Unit:RMB/mt 100-basis
China alumina producers' suspension number statistics by province by month
Unit: pcs
