Aluminum Market Report December 2016

Content
Abstract 4
1 Company news 4
2 Chinese domestic market review 4
2.1 Electrolytic aluminum prices hover at low level 4
2.2 Alumina prices lack upward momentum 5
2.3 Transaction prices for alumina in sharp disparity in Shanxi 5
2.4 Shandong alumina market dominated by long-term contracts 6
2.5 Alumina supply tight in Henan 6
2.6 Southwestern China saw limited alumina deals 6
2.7 Aluminum hydroxide prices surge 6
2.8 ADC12 aluminum alloy ingot supply tight 7
2.9 Aluminum fluoride prices continue to move up 7
3 International market review 7
3.1 Aluminum on LME prices fluctuate down 7
3.2 Prices for imported alumina exceed those for domestic material 8
3.3 Spot imported alumina supply tight at ports 8
3.4 ADC aluminum alloy ingot prices fall back 8
3.5 Aluminum scraps import prices firm 9
3.6 Malaysian bauxite prices move up marginally 9
3.7 Brazilian bauxite prices climb up with increasing demand 9
3.8 Deals for Indian bauxite increase 10
3.9 China saw more suppliers of Australian bauxite 10
3.10 China’s bauxite demand from Solomon Islands increases 10
3.11 Rumors again point at Indonesia’s possible ease on bauxite exports ban 10
3.12 Aluminum fluoride export market remains quiet 11
4 Supply & Demand analysis 11
4.1 China’s electrolytic aluminum output up by 1.16% MOM in December 11
4.2 China’s alumina output up by 1.2% MOM in December 12
4.3 China’s imported alumina stocks down by 6% MOM in late December 12
4.4 Chinese December consumption for imported bauxite up by 3.4% MOM 13
4.5 Chinese aluminum fluoride stocks down by 31.9% MOM until late December 2016 14
4.6 Chinese December secondary aluminum alloys output down by 8.7% MOM 15
5 Imp & Exp Analysis 16
5.1 China’s alumina imports up by 14.2% MOM in Nov 16
5.2 Chinese November bauxite import volume up by 20.7% MOM 17
5.3 Chinese November aluminum fluoride export volume up by 34.6% MOM 18
5.4 Chinese aluminum alloys export volume to Japan up by 35.6% YOY Jan-Nov 19
5.5 Chinese November aluminum scraps import volume up by 35.3% MOM 20
6 Market outlook for January 21
6.1 Alumina prices expected to hold stable 21
6.2 ADC12 aluminum alloy ingot prices to hover at high level 22
6.3 Aluminum fluoride prices to see prominent regional disparities 22

Graph 1 Primary aluminum price trend on Chinese market 5
Graph 2 Price trend for alumina in China (RMB/t) 5
Graph 3 Price trend for alumina in Shanxi (RMB/t) 5
Graph 4 Aluminum ingot prices in Shandong (RMB/t) 6
Graph 5 Aluminum ingot prices in Henan (RMB/t) 6
Graph 6 Aluminum hydroxide 80-100 mesh prices (RMB/t) 7
Graph 7 Chinese ADC12 aluminum alloy ingot prices 7
Graph 8 Chinese aluminum fluoride prices 7
Graph 9 Aluminum settlement on LME (USD/t) 8
Graph 10 Aluminum stocks on LME (tonne) 8
Graph 11 Imported alumina price CIF China (USD/t) 8
Graph 12 Spot prices for imported alumina at ports (RMB/t) 8
Graph 13 Chinese ADC12 aluminum alloy ingot FOB price 9
Graph 14 Price for Zorba 93-3 CIF China 9
Graph 15 Price for bauxite Al 40% FOB Malaysia 9
Graph 16 Price for 50% Brazilian bauxite CIF China 10
Graph 17 Price for Indian bauxite 43% CIF China 10
Graph 18 Price for Australian bauxite 52% CIF China 10
Graph 19 Price for aluminum fluoride FOB China 11
Graph 20 China’s monthly output of electrolytic aluminum in 2015-2016 11
Graph 21 China’s monthly output of electrolytic aluminum by province in 2015-2016 11
Graph 22 China’s alumina output by month 12
Graph 23 China’s monthly alumina output by province 12
Graph 24 China’s imported alumina stocks by month 13
Graph 25 China's aluminum stocks by month 13
Graph 26 Chinese demand for imported bauxite by month 13
Graph 27 China's alumina producers' days consumption of inventory for imported bauxite by month 14
Graph 28 Chinese aluminum fluoride output by month 14
Graph 29 Chinese aluminum fluoride output by major provinces by month 14
Graph 30 Average operating rate for Chinese running aluminum fluoride plants by month 15
Graph 31 China's aluminum fluoride producers' days sales of inventory by month 15
Graph 32 Chinese secondary aluminum alloy output by month 15
Graph 33 Chinese secondary aluminum alloy output by major regions by month 15
Graph 34 Average operating rate for Chinese running secondary aluminum alloy plants by month 16
Graph 35 China’s monthly imports for alumina 16
Graph 36 Chinese bauxite import by month 17
Graph 37 Chinese bauxite import from major countries 17
Graph 38 Chinese aluminum fluoride export by month 18
Graph 39 Chinese aluminum fluoride export by month 18
Graph 40 Chinese aluminum alloys export by month 19
Graph 41 ADC12 aluminum alloy ingot export price FOB China 19
Graph 42 Chinese aluminum alloy export by major countries 19
Graph 43 Chinese aluminum scraps import volume by month 20
Graph 44 Chinese aluminum scraps import by major countries 21

Table 1 Main provinces that produce electrolytic aluminum 11
Table 2 China’s imports for alumina in November 16
Table 3 Major Chinese alumina exporters in November 16
Table 4 Chinese bauxite import by countries 17
Table 5 Chinese bauxite importers in November 17
Table 6 Chinese aluminum fluoride exporters in November 18
Table 7 Chinese aluminum fluoride exporters in November 18
Table 8 Chinese aluminum alloy export by major countries in Nov 19
Table 9 Chinese major aluminum alloy exporters in November 20
Table 10 Major Chinese aluminum alloy exporters in November 20
Table 11 Major Chinese aluminum scraps importers in November 21
Table 12 Chinese aluminum scraps imports by major countries 21
Table 13 Major Chinese aluminum scraps importers in November 21

.Asian Metal CopyrightContent Abstract 4 1 Company news 4 2 Chinese domestic market review 4 2Asian Metal Copyright