Aluminum Market Report July 2016

Content

1 Abstract 4
2 Company News 4
3 Chinese domestic market review 4
3.1 Aluminum fluoride prices continued going down 4
3.2 Domestic alumina prices decline sharply 5
3.3 Shanxi sees the lowest alumina prices 5
3.4 Alumina outputs down in Shandong late July 5
3.5 Alumina prices are relatively firm in Henan 6
3.6 Alumina prices forced to move down in Southwest China 6
3.7 Aluminum hydroxide prices continue to slip 6
3.8 Primary aluminum prices down 6
3.9 Chinese secondary aluminum alloy plants’ operating rate declines 7
4 International market review 7
4.1 Malaysian bauxite deals up 7
4.2 Indian bauxite deals recover 7
4.3 Demand for Brazil bauxite increases 8
4.4 Trading for monohydrate Australian bauxite to increase 8
4.5 Aluminum fluoride export prices down further 8
4.6 Import prices for alumina fail to rise 8
4.7 Spot prices for imported alumina stay stable 9
4.8 LME aluminum prices up at first, then down 9
4.9 Chinese secondary aluminum alloy ingot export prices up 9
4.10 Import Zorba aluminum scrap prices edge down 10
5 Output & Inventory Analysis 10
5.1 China’s aluminum fluoride output down by 6.26% MOM in July 10
5.2 China’s aluminum fluoride producers’ stocks down by 10% MOM until late July 11
5.3 Chinese consumption volume for aluminum fluoride up by 1.3% MOM in July 11
5.4 Chinese consumption volume for imported bauxite up by 1.9% MOM in July 12
5.5 China’s imported bauxite inventories down by 4.4% MOM in late July 12
5.6 China’s alumina output up by 1.8% MOM in July 13
5.7 Stocks for Chinese alumina down by 3.7% MOM in late July 14
5.8 China’s imported alumina stocks down by 20% MOM in late July 14
5.9 China’s imported alumina consumption down by 27% MOM in July 14
5.10 Chinese primary aluminum output moves up to 2.68 million tonnes in July 15
5.11 Chinese secondary aluminum alloy output decline by 7.4% MOM in July 16
6 Imp & Exp Analysis 16
6.1 Chinese bauxite imports up by 12.1% YOY H1 2016 16
6.2 Chinese aluminum fluoride exports down by 35.5% YOY H1 2016 18
6.3 China's alumina imports down by 7.4% YOY in H1 2016 19
6.4 Chinese aluminum scrap import volume down by 16.19% YOY in the first half year of 2016 19
6.5 Chinese aluminum alloy export volume down by 13.67% MOM in June 21
7 Market outlook for August 22
7.1 Limited room for aluminum fluoride prices to go down 22
7.2 Alumina prices hard to bottom out 22
7.3 Primary aluminum prices fluctuate 22
7.4 Chinese secondary aluminum alloy ingot prices down 22

Graph 1 Chinese aluminum fluoride prices movement 5
Graph 2 Alumina price trend in China 5
Graph 3 Alumina price trend in Shanxi 5
Graph 4 Average monthly price for alumina in Shandong 5
Graph 5 Alumina price trend in Henan 6
Graph 6 Alumina price trend in Guangxi 6
Graph 7 Price trend of 80-100 mesh aluminum hydroxide 6
Graph 8 Aluminum ingot price on Chinese market 7
Graph 9 Chinese secondary aluminum alloy ingot prices movement 7
Graph 10 40% Malaysian bauxite prices FOB Malaysia 7
Graph 11 Indian bauxite prices CIF China 8
Graph 12 Brazilian bauxite prices CIF China 8
Graph 13 Monohydrate Australian bauxite prices CIF China 8
Graph 14 Chinese aluminum fluoride export prices 8
Graph 15 Import prices trend of alumina 9
Graph 16 Sport price trend of imported alumina at ports 9
Graph 17 Aluminum settlement on LME 9
Graph 18 Aluminum warehouse on LME 9
Graph 19 Chinese secondary aluminum alloy ingot export price movement 10
Graph 20 Chinese Zorba aluminum scrap import price movement 10
Graph 21 Chinese aluminum fluoride output by month 10
Graph 22 Operating rate for Chinese running aluminum fluoride plants 11
Graph 23 Chinese aluminum fluoride producers’ stocks by month 11
Graph 24 China's aluminum fluoride producers' days sales of inventory by month 11
Graph 25 Chinese consumption for aluminum fluoride by month 11
Graph 26 Chinese consumption for aluminum fluoride by major region 12
Graph 27 Chinese aluminum fluoride producers’ sales volume by month 12
Graph 28 Chinese consumption for imported bauxite by month 12
Graph 29 45% Guinean bauxite prices CIF China 12
Graph 30 China’s imported bauxite inventories by month 13
Graph 31 Chinese alumina refineries’ days consumption of inventory for imported bauxite 13
Graph 32 China’s alumina output by month 13
Graph 33 China’s alumina output by region 13
Graph 34 Chinese alumina smelters’ stocks by month 14
Graph 35 China’s imported alumina stocks by month 14
Graph 36 Consumption for imported alumina in China 15
Graph 37 Chinese primary aluminum output by month 15
Graph 38 Chinese primary aluminum output by province by month 15
Graph 39 Chinese secondary aluminum alloy ingot output by month 16
Graph 40 Chinese secondary aluminum alloy ingot plants’ operating rate by major province by month 16
Graph 41 Chinese bauxite imports by month 16
Graph 42 Chinese bauxite imports from major countries by month 17
Graph 43 Chinese aluminum fluoride exports by month 18
Graph 44 Chinese aluminum fluoride export by major countries by month 18
Graph 45 China's imports for alumina by month 19
Graph 46 China's monthly imports for alumina by major countries 19
Graph 47 Chinese aluminum scraps import volume by month 20
Graph 48 Chinese aluminum scrap import volume by major country by month 20
Graph 49 Chinese aluminum alloy export volume by month 21
Graph 50 Chinese aluminum alloy export volume by major country by month 21

Table 1 Chinese bauxite imports by countries 17
Table 2 Chinese bauxite importers in June 17
Table 3 Chinese aluminum fluoride exporters in June 18
Table 4 Details for China’s imported alumina in June 19
Table 5 Chinese major alumina import companies in June 19
Table 6 Chinese top ten aluminum scrap importers in June 2016 20
Table 7 Chinese major aluminum scrap importers in June 20
Table 8 Chinese top ten secondary aluminum alloy exporters in June 2016 21
Table 9 Major Chinese aluminum alloy export companies in June 21

.Asian Metal Copyright3 Shanxi sees the lowest alumina prices 5 3Asian Metal Copyright