AM Statistics: China's imported alumina stocks down by 16% MOM in late June
2016-07-05 16:37:51 [Print]
BEIJING (Asian Metal) 5 Jul 16 - According to statistics from Asian Metal, China’s imported alumina inventories were 680,000t in late June, down by 16% MOM.
There was 400,000t of imported alumina held in Lianyungang port, a decrease of 25% from last month. 240,000t of the material was kept in Bayuquan, unchanged from last month; in particular, the bonded area kept around 40,000t and around 200,000t of stocks had seen the completion of customs clearance with most having been purchased and awaiting delivery. There was 40,000t of imported alumina in Qingdao port, down by 33% MOM.
Chinese imported alumina stocks by month (Unit: kt)
The graph above demonstrates that stocks of imported alumina had continuously witnessed decreases for three months as China had kept the import volume arrived at ports stable at low levels in the past few months. According to data from China Customs, the volume of imported alumina arrived at ports was only 170,000t in May. Asian Metal learned that the volume arrived at ports was around 150,000t in June. Currently, the imported alumina market is sluggish with some traders having stopped the trading business. It is predicted that stocks of imported alumina may continue to move down in late July.
There was 400,000t of imported alumina held in Lianyungang port, a decrease of 25% from last month. 240,000t of the material was kept in Bayuquan, unchanged from last month; in particular, the bonded area kept around 40,000t and around 200,000t of stocks had seen the completion of customs clearance with most having been purchased and awaiting delivery. There was 40,000t of imported alumina in Qingdao port, down by 33% MOM.
Chinese imported alumina stocks by month (Unit: kt)
The graph above demonstrates that stocks of imported alumina had continuously witnessed decreases for three months as China had kept the import volume arrived at ports stable at low levels in the past few months. According to data from China Customs, the volume of imported alumina arrived at ports was only 170,000t in May. Asian Metal learned that the volume arrived at ports was around 150,000t in June. Currently, the imported alumina market is sluggish with some traders having stopped the trading business. It is predicted that stocks of imported alumina may continue to move down in late July.
Alumina 98.5%min FOB Australia
Unit:USD/mt
China alumina producers' sales to production ratio statistics by province by month
Unit: %
