Fused Alumina Market Report August 2014

Abstract 1
1 Financial overview 1
1.1 Domestic financial overview 1
1.1.Asian Metal Copyright2.Asian Metal Copyright1 CPI up by 2.Asian Metal Copyright1 Chinese brown fused alumina exports up by 3% YOY in July 13 6.Asian Metal Copyright3% and PPI down by 0.9% YOY in July 1
1.1.2 August PMI down obviously 2
1.2 International financial overview 3
1.2.1 Crude oil futures prices keep falling back 3
1.2.2 US dollar strong again amid depressed European economy 4
2. Company News 5
2.1 Brown fused alumina company news 5
2.1.1 Huakun Fused Alumina halts brown fused alumina production in August 5
2.1.2 Xinxing Abrasives halts brown fused alumina smelting due to the power station overhaul in Dengfeng 5
2.1.3 Sanshan Abrasives’ new brown fused alumina segment sands production line will be finished by the end of September 5
2.1.4 Guangzhi Complete Sets Mechanical Equipment to complete the construction of brown fused alumina demonstrative base next year 6
2.1.5 Jinyi Abrasives cuts brown fused alumina output by half in August 6
2.2 White fused alumina company news 6
2.2.1 Hongji Abrasives Technology to build a new white fused alumina processing factory in Xingyang, Henan 6
2.2.2 Zhongtian Special Alumina to double white fused alumina output in September 6
2.2.3 Xinxing Fused Alumina transfers its white fused alumina smelting furnaces 6
2.2.4 Dehong Abrasive Material cuts its white fused alumina output by 600t in August 7
2.2.5 Dayu Abrasives halts white fused alumina production in August 7
3. Domestic market review 7
3.1 Brown fused alumina market weak 7
3.2 White fused alumina prices to surge 8
4. International market review 9
4.1 Overseas brown fused alumina market remains flat 9
4.2 Chinese white fused alumina export price slides slightly 10
5. Production data 11
5.1 Operation rate of Chinese brown fused alumina smelters down by 3% in August 11
5.2 Operation rate of Chinese white fused alumina smelters down by 4% in August 12
6. Export data analysis 13
6.1 Chinese brown fused alumina exports up by 3% YOY in July 13
6.2 Chinese brown fused alumina exports to most major countries increase in July 13
6.3 Top ten Chinese brown fused alumina exporters in July 15
6. Related industry news 16
6.1 Large and medium steel enterprises struggle with industrial reshuffle to come 16
6.2 Gongyi Shunxiang Refractory’s holding iron runner castable production line project with capacity of 50,000t qualified 17
6.3 On-grid prices to drop about RMB0.01/Kwh in China 17
7. Outlook for August 17
7.1 Overseas brown fused alumina demand to increase slightly with prices stuck at low levels 17
7.2 US white fused alumina demand to rebound and the price to go up 18
Appendix 18

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 August 4
Picture 4 US dollar index trend 5
Picture 5 Chinese domestic price for brown fused alumina 95%min 1-3mm in August 8
Picture 6 Chinese domestic price for white fused alumina 99%min 1-3mm in August 9
Picture 7 Export price for Chinese brown fused alumina 95%min 1-3mm FOB China in August 10
Picture 8 Export price for Chinese white fused alumina 99%min 1-3mm FOB China in August 11
Picture 9 Chinese brown fused alumina export volumes from Jan to Jul in 2014 13
Picture 10 Chinese brown fused alumina export volumes by major destination 14

Table 1 Chinese brown fused alumina smelters operation rate statistics by region 12
Table 2 Chinese white fused alumina smelters operation rate statistics by region 12
Table 3 Chinese brown fused alumina exports to other countries excluding US 14
Table 4 Chinese brown fused alumina export volumes by country in June and July 14
Table 5 Chinese top ten brown fused alumina exporters in July 16
Table 6 Chinese brown fused alumina export statistics by enterprise in July 18

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