Fused Alumina Market Report September 2014

Contents
Abstract 1
1 Financial overview 1
1.1 Domestic financial overview 1
1.1.Asian Metal Copyright2 Sanshan Abrasives’ new brown fused alumina production line drove on stream in September 5 2.Asian Metal Copyright1 CPI up by 2.Asian Metal Copyright3 Top ten Chinese brown fused alumina exporters in August 14 7.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.Asian Metal Copyright2 Sanshan Abrasives’ new brown fused alumina production line drove on stream in September 5 2.Asian Metal Copyright1 Problems emerge after Guizhou No.3 Grinding Wheel merged to China National Machinery Industry Corporation 5
2.1.2 Sanshan Abrasives’ new brown fused alumina production line drove on stream in September 5
2.2 White fused alumina company news 6
2.2.1 Jinbo Abrasives two white fused alumina furnaces under construction 6
2.2.2 Fulong Refractory’s white fused alumina output declines in September 6
3. Domestic market review 6
3.1 Price for brown fused alumina lumps from fixed furnaces softens 6
3.2 White fused alumina prices increased dramatically 7
4. International market review 8
4.1 Brown fused alumina exports flat 8
4.2 Chinese white fused alumina export prices surge 9
5. Production data 10
5.1 37 major Chinese brown fused alumina smelters’ operating rate down by 3% in September 10
5.2 Chinese 23 white fused alumina smelters’ operating rate down by 11% in September 11
6. Export data analysis 12
6.1 Chinese brown fused alumina exports up by 10.65% MOM in August 12
6.2 Chinese brown fused alumina exports to most major countries decreased 12
6.3 Top ten Chinese brown fused alumina exporters in August 14
7. Outlook for August 15
7.1 Brown fused alumina market continues to be subdued 15
7.2 White fused alumina demand flat and prices remain stable 15
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 August 4
Picture 4 US dollar index trend 5
Picture 5 Chinese domestic price for brown fused alumina 95%min 1-3mm in Sep 7
Picture 6 Chinese domestic price for white fused alumina 99%min 1-3mm in Sep 8
Picture 7 Export price for Chinese brown fused alumina 95%min 1-3mm FOB China in Sep 9
Picture 8 Export price for Chinese white fused alumina 99%min 1-3mm FOB China in Sep 10
Picture 9 Chinese brown fused alumina export volumes from Jan to Aug in 2014 12
Picture 10 Chinese brown fused alumina export volumes by major destination 13

Table 1 Chinese brown fused alumina smelters operating rate statistics by region 11
Table 2 Chinese white fused alumina smelters operating rate statistics by region 11
Table 3 Chinese brown fused alumina exports to other countries excluding US 13
Table 4 Chinese brown fused alumina export volumes by country in August and July 13
Table 5 Chinese top ten brown fused alumina exporters in August 15
Table 6 Chinese brown fused alumina export statistics by enterprise in August 16

.Asian Metal Copyright3 Top ten Chinese brown fused alumina exporters in August 14 7Asian Metal Copyright