AM Statistics: China's stocks for imported alumina up by 5% MOM in late July
2016-08-03 13:46:39 [Print]
BEIJING (Asian Metal) 3 Aug 16 - According to statistics from Asian Metal, China held 720,000t of stocks of imported alumina in late July, up by 40,000t or 5% compared with the figure in June.
Among all stocks for imported alumina in China in late July, the stocks in Lianyungang were 400,000t, unchanged from last month; the stocks of Bayuquan of Liaoning were 280,000t, up by 40,000t from last month and including about 45,000t of material in the bonded area and about 235,000t that have been cleared by China Customs; the stocks in Qingdao were 40,000t, unchanged compared with the figure in June.
China's stocks of imported alumina (kt)
As shown in the above chart, China's stocks of imported alumina slightly increased in July but still lingered at low levels. As prices for imported alumina are about RMB300/t higher than those of the material made in China at present, some non-aluminum companies are forced to use the material made in China. Thus, the market of imported alumina weakens further in China and some traders who hold imported alumina are forced to do bonded business, as stocks for imported alumina in ports of China have increased slightly although the import volume of the material continues to stand at low levels.
Among all stocks for imported alumina in China in late July, the stocks in Lianyungang were 400,000t, unchanged from last month; the stocks of Bayuquan of Liaoning were 280,000t, up by 40,000t from last month and including about 45,000t of material in the bonded area and about 235,000t that have been cleared by China Customs; the stocks in Qingdao were 40,000t, unchanged compared with the figure in June.
China's stocks of imported alumina (kt)
As shown in the above chart, China's stocks of imported alumina slightly increased in July but still lingered at low levels. As prices for imported alumina are about RMB300/t higher than those of the material made in China at present, some non-aluminum companies are forced to use the material made in China. Thus, the market of imported alumina weakens further in China and some traders who hold imported alumina are forced to do bonded business, as stocks for imported alumina in ports of China have increased slightly although the import volume of the material continues to stand at low levels.
Alumina 98.5%min FOB Australia
Unit:USD/mt
China alumina producers' sales to production ratio statistics by province by month
Unit: %
