AM Statistics: China's imported alumina stocks down by 33% MOM in late September
2016-10-09 17:24:13 [Print]
BEIJING (Asian Metal) 9 Oct 16 - According to statistics from Asian Metal, China’s imported alumina inventories decreased by 190,000t to 380,000t in late September, significantly down by 33% MOM.
In particular, there was 240,000t of imported alumina in Lianyungang port, down by 20% MOM; 10,000t of the material was kept in Bayuquan, a dramatic decrease of 56% MOM, down by 130,000t; Qingdao kept 40,000t of stocks, unchanged from the previous month.
China’s imported alumina stocks by month (Unit:kt)
The graph above demonstrates that stocks of imported alumina at ports dropped sharply in late September. One reason for this was that downstream consumers purchased the spot material at ports with large tonnage as Chinese alumina prices were higher than imported alumina prices; another reason for this was that the limited supply from overseas coupled with stable high demands from Middle East resulted in continuous low level for Chinese alumina imports. It is expected that alumina imports will see no improvement this year and imported alumina stocks at ports will continue to remain at low level.
In particular, there was 240,000t of imported alumina in Lianyungang port, down by 20% MOM; 10,000t of the material was kept in Bayuquan, a dramatic decrease of 56% MOM, down by 130,000t; Qingdao kept 40,000t of stocks, unchanged from the previous month.
China’s imported alumina stocks by month (Unit:kt)
The graph above demonstrates that stocks of imported alumina at ports dropped sharply in late September. One reason for this was that downstream consumers purchased the spot material at ports with large tonnage as Chinese alumina prices were higher than imported alumina prices; another reason for this was that the limited supply from overseas coupled with stable high demands from Middle East resulted in continuous low level for Chinese alumina imports. It is expected that alumina imports will see no improvement this year and imported alumina stocks at ports will continue to remain at low level.
Alumina 98.5%min EXW China
Unit:RMB/mt
China alumina producers' suspension number statistics by province by month
Unit: pcs
