AM Statistics: China's imported alumina stocks down by 13% MOM in late May
2016-06-01 15:39:12 [Print]
BEIJING (Asian Metal) 1 Jun 16 - According to statistics from Asian Metal, China’s imported alumina inventories were 810,000t in late May, down by 13% MOM.
There was 500,000t of imported alumina held in Lianyungang port, a decrease of 33% from last month. 250,000t of the material was kept in Bayuquan; in particular, around 150,000t of stocks had seen the completion of customs clearance and the bonded area kept the rest of around 100,000t, an increase of 11% MOM. There was 60,000t of imported alumina in Qingdao port, down by 25% MOM.
Chinese imported alumina stocks by month (Unit: kt)
The graph above shows that the imported alumina stocks in China decreased significantly in late May as the volume of imported alumina arrived at ports witnessed a remarkable decline in China. According to statistics from China Customs, only 100,000t of imported alumina was arrived at ports in China in April, down by 72% MOM. According to Asian Metal, the volume was only around 180,000t in May. Therefore, stocks of imported alumina recorded a dramatic drop at ports.
Lianyungang port indicated that only one ship of the material will arrive in June, and electrolytic aluminum producers reduced the consumption for imported alumina. Some consumers who had signed contracts with suppliers resold the imported alumina to consumers in the Middle East; as a result, it is predicted that stocks of imported alumina will remain at a low level in June.
There was 500,000t of imported alumina held in Lianyungang port, a decrease of 33% from last month. 250,000t of the material was kept in Bayuquan; in particular, around 150,000t of stocks had seen the completion of customs clearance and the bonded area kept the rest of around 100,000t, an increase of 11% MOM. There was 60,000t of imported alumina in Qingdao port, down by 25% MOM.
Chinese imported alumina stocks by month (Unit: kt)
The graph above shows that the imported alumina stocks in China decreased significantly in late May as the volume of imported alumina arrived at ports witnessed a remarkable decline in China. According to statistics from China Customs, only 100,000t of imported alumina was arrived at ports in China in April, down by 72% MOM. According to Asian Metal, the volume was only around 180,000t in May. Therefore, stocks of imported alumina recorded a dramatic drop at ports.
Lianyungang port indicated that only one ship of the material will arrive in June, and electrolytic aluminum producers reduced the consumption for imported alumina. Some consumers who had signed contracts with suppliers resold the imported alumina to consumers in the Middle East; as a result, it is predicted that stocks of imported alumina will remain at a low level in June.
Alumina 98.5%min FOB Australia
Unit:USD/mt
China alumina producers' sales to production ratio statistics by province by month
Unit: %
