Monthly Aluminum Market Report February

Content
1 Market Highlights 3
2 Economy and Policy 3
2.1 International Economy and Policy 3
2.2 Chinese Economy and Policy 3
3 Market Movements 3
3.1 Chinese Market Movements 3
3.1.1 Chinese origin bauxite prices become stable 3
3.1.2 Chinese alumina prices down with poor transactions 3
3.1.3 Alumina prices high but deals thin in Shanxi 3
3.1.4 Alumina transactions limited in Henan 4
3.1.5 Alumina supply decreases in Southwest China 4
3.1.6 Aluminum hydroxide prices under pressure 4
3.1.7 Aluminum fluoride prices stable 4
3.1.8 Primary aluminum prices move down before up 5
3.1.9 ADC12 aluminum alloy ingot prices stable but outputs drop by a half 5
3.2 International Market Movements 5
3.2.1 Malaysia sees no progress in bauxite exports 5
3.2.2 Indonesian bauxite exports shrink 5
3.2.3 China has no demand for Indian bauxite 5
3.2.4 China's alumina import market sees firm prices but no deals 6
3.2.5 Export prices for Chinese aluminum fluoride climb up 6
3.2.6 LME aluminum prices drop sharply on the whole 6
3.2.7 LME aluminum stocks skyrocket 6
3.2.8 Export prices for Chinese ADC12 aluminum alloy ingot rise 7
3.2.9 Chinese imported Zorba aluminum scrap transactions sparse 7
4. Company News 7
4.1 Huajin Aluminum's alumina output declines 7
4.2 Hunan Nonferrous resumes aluminum fluoride production 7
4.3 Tiantai Aluminum's primary aluminum project reaches stage one capacity 7
4.4 CSMET Chongqing expects secondary aluminum alloy output to drop in February 7
4.5 Delta Aluminum to built new secondary aluminum alloy production line 7
4.6 Huayin Aluminum Industry conducts technical upgrade for aluminum alloy production line 7
5. Producers' Statistics 8
5.1 Global alumina output stable at around 9.4 million tonnes in January 8
5.2 Chinese alumina output stable at 5.35 million tonnes in February MOM 8
5.3 Chinese aluminum fluoride output down by 0.4% MOM in February 8
5.4China's primary aluminum output down by 6.08% MOM in February 9
5.5Chinese secondary aluminum alloy output down by 44.5% MOM in Feb 2018 10
6 Consumers' Statistics 10
6.1 China's imported bauxite stocks up by 3.2% MOM in late February 10
7 Customs Statistics 10
7.1 Chinese bauxite imports up by 53.5% YOY in January 2018 10
7.2 Chinese alumina imports down by 72.3% YOY in January 2018 11
7.3 Chinese aluminum fluoride export down by 17.8% YOY in January 12
7.4 China's aluminum alloy exports up by 0.45% MOM slightly in Jan 2018 12
7.5China's aluminum scrap imports down by 6.13% MOM in Jan 2018 13
8. Relevant Industry News 14
8.1 Fluorspar prices go up 14
9 Market Outlook for Next Month 14
9.1 Alumina prices to move down 14
9.2 Aluminum fluoride prices to hold stable 14
9.3 Primary aluminum prices to fluctuate down 14
9.4 ADC12 aluminum alloy ingot prices to edge up 14

Graph 1 Chinese bauxite (Al:Si=5.5) VAT-excluded delivered price trend (RMB/t) 3
Graph 2 Chinese alumina 98.5% EXW price trend (RMB/t) 3
Graph 3 Alumina 98.5% EXW price trend in Shanxi (RMB/t) 3
Graph 4 Alumina 98.5% EXW price trend in Henan (RMB/t) 4
Graph 5 Alumina 98.5% EXW price trend in Guangxi (RMB/t) 4
Graph 6 Chinese aluminum hydroxide 64.5% EXW price trend (RMB/t) 4
Graph 7 Chinese aluminum fluoride 61% price trend (RMB/t) 4
Graph 8 Chinese primary aluminum price trend (RMB/t) 5
Graph 9 Chinese secondary aluminum alloy ingot price trend (RMB/t) 5
Graph 10 Indonesian bauxite 46% CIF China price trend (USD/t) 5
Graph 11 Indian bauxite 43% CIF China price trend (USD/t) 6
Graph 12 Chinese imported alumina 98.5% CIF China price trend (USD/t) 6
Graph 13 Chinese imported alumina 98.5% delivered-to-port price trend (USD/t) 6
Graph 14 Chinese aluminum fluoride FOB price trend (USD/t) 6
Graph 15 LME aluminum spot settlement price trend (USD/t) 6
Graph 16 LME aluminum stocks trend (ton) 6
Graph 17 Chinese secondary aluminum alloy ingot FOB price trend (USD/t) 7
Graph 18 Chinese imported Zobra aluminum scrap CIF price trend (USD/t) 7
Graph 19 Global alumina output by month (KT) 8
Graph 20 Global alumina output by major regions by month (KT) 8
Graph 21 Chinese alumina output by month (KT) 8
Graph 22 Chinese alumina output by major provinces by month (KT) 8
Graph 23 Chinese aluminum fluoride output by month (Tonne) 8
Graph 24 Chinese aluminum fluoride output by major regions by month (Tonne) 9
Graph 25 China's primary aluminum output by month (kt) 9
Graph 26 China's primary aluminum output by month and region (kt) 9
Graph 27 Chinese secondary aluminum alloy outputs by month (kt) 10
Graph 28 Chinese secondary aluminum alloy outputs by region and month (kt) 10
Graph 29 China's imported bauxite stocks by month (KT) 10
Graph 30 China's demand for imported bauxite by month (KT) 10
Graph 31 Chinese bauxite imports by month (KT) 10
Graph 32 Chinese bauxite imports by major countries by month (KT) 11
Graph 33 Chinese alumina imports by month (KT) 11
Graph 34 Chinese alumina imports by major origins by month (KT) 12
Graph 35 Chinese aluminum fluoride export by month (Tonne) 12
Graph 36 Chinese aluminum fluoride export by major countries by month (Tonne) 12
Graph 37 China's aluminum alloy exports by month (ton) 12
Graph 38 China's aluminum alloy exports by month and destination (ton) 12
Graph 39 China's aluminum scrap imports by month (kt) 13
Graph 40 China's aluminum scrap imports by origin country by month (kt) 13
Graph 41 Chinese fluorspar prices (RMB/t) 14


Table 1 China's primary aluminum output by region in February (ton): 9
Table 2 Major Chinese bauxite importers in January 11
Table 3 Major Chinese aluminum fluoride exporters in January 12
Table 4 China's aluminum alloy exports by destination (ton) 13
Table 5 China's aluminum scrap imports by origin country (ton) 13
Table 6 Chinese top ten aluminum scrap importers in Jan 2018 13
Table 7 Chinese aluminum scrap importers in Jan 2018 13

.Asian Metal Copyright5 VAT-excluded delivered price trend RMBt 3 Graph 2 Chinese alumina 98Asian Metal Copyright