Monthly Aluminum Market Report Oct 2018

Contents
1 Monthly Highlights 3
2 Economy and Policy 3
3 Market Movements 3
3.1 Chinese Market 3
3.1.1 Chinese bauxite supply increases but prices high 3
3.1.2 Chinese alumina prices decline 3
3.1.3 Spot alumina supply tight in Shanxi 4
3.1.4 Alumina prices decline in Henan 4
3.1.5 Spot transactions for alumina few in Shandong 4
3.1.6 Alumina prices drop in Southwest China 4
3.1.7 Aluminum hydroxide prices decline 5
3.1.8 Aluminum fluoride prices surge again 5
3.1.9 Primary aluminum prices fluctuate down 5
3.1.10 Prices for aluminum alloy ingot ADC12 down 6
3.2 International Market 6
3.2.1 India bauxite market sees more offers 6
3.2.2 Guinean bauxite transactions limited 6
3.2.3 Indonesian bauxite prices edge up 6
3.2.4 International alumina market quiet 7
3.2.5 Export prices for Chinese aluminum fluoride up 7
3.2.6 LME aluminum prices down 7
3.2.7 LME aluminum stocks rise sharply 7
3.2.8 China's export prices for aluminum alloy ingot ADC12 fall 7
4 Company News 8
4.1 Metro Mining finishes 1.4 million tonnes of bauxite production 8
4.2 Chalco's Boffa bauxite project in Guinea starts construction 8
4.3 Lizhong Chemicals increases aluminum fluoride production 8
4.4 YP Mining to develop new bauxite area in Malaysia 8
4.5 Xinfa Chemical launches new alumina project 8
4.6 Chuangyuan Metal to launch additional primary aluminum production capacity 8
4.7 Zhongwang Group launches phase Ⅱ primary aluminum project 8
4.8 Tianjin Lizhong maintains secondary aluminum alloy production line 8
4.9 Jinyi Machinery adds die-casting facilities 8
5 Producers Statistics 8
5.1 China's aluminum fluoride output up by 5.1% MOM in Oct 8
5.2 Chinese aluminum fluoride producers' inventory up by 93.3% MOM in late Oct 9
5.3 China's alumina output up by 0.9% MOM in Oct 9
5.4 Chinese alumina producers' operating rate down to 85.18% in Oct 10
5.5 China's primary aluminum output down by 0.6% MOM in Oct 10
5.6 Chinese primary aluminum producers' operating rate down to 69.27% in Oct 11
5.7 China's secondary aluminum alloy output down by 4% MOM in Oct 11
6 Consumers Statistics 11
6.1 China's consumption of domestic bauxite edges down by 0.35% MOM in Oct 11
6.2 China's inventory of domestic bauxite up by 5.0% MOM in late Oct 12
6.3 China's consumption of imported bauxite up by 3.1% MOM in Oct 12
6.4 China's inventory of imported bauxite up by 3.5% MOM in late Oct 12
7 Import and Export Statistics 13
7.1 Chinese bauxite imports up by 20.6% YOY Jan-Sep 13
7.2 Chinese aluminum fluoride export volume up by 42.1% YOY Jan-Sep 13
7.3 China exports 539,000t of alumina from Jan to Sept 14
8 Relevant Industry News 14
8.1 Fluorspar prices climb up 14
8.2 Caustic soda liquid prices up further 14
8.3 China's import prices for Zorba aluminum scrap rise 14
8.4 Aluminum rod demand weak 15
9 Market Outlook for Next Month 15
8.1 Alumina prices to hold at low level 15
9.2 Aluminum fluoride prices to edge up 15
9.3 Chinese origin bauxite prices to stay unchanged 15
9.4 Caustic soda liquid prices to rise further 15
9.5 Primary aluminum prices to fluctuate 15
9.6 Aluminum alloy ingot ADC12 prices to decline 15

Graph 1 Chinese bauxite (Al:Si=5.0) Ex-VAT delivered price trend from 31/8/2018 to 31/10/2018 (RMB/t) 3
Graph 2 Chinese alumina 98.5% EXW price trend from 31/8/2018 to 31/10/2018 (RMB/t) 3
Graph 3 Alumina 98.5% EXW price trend in Shanxi from 31/8/2018 to 31/10/2018 (RMB/t) 4
Graph 4 Alumina 98.5% EXW price trend in Henan from 31/8/2018 to 31/10/2018 (RMB/t) 4
Graph 5 Graph 5 Alumina 98.5% EXW price trend in Shandong from 31/8/2018 to 31/10/2018 (RMB/t) 4
Graph 6 Alumina 98.5% EXW price trend in Guangxi from 31/8/2018 to 31/10/2018 (RMB/t) 4
Graph 7 Chinese aluminum hydroxide 64.5% EXW price trend from 31/8/2018 to 31/10/2018 (RMB/t) 5
Graph 8 Chinese aluminum fluoride 61% EXW price trend from 31/8/2018 to 31/10/2018 (RMB/t) 5
Graph 9 Chinese aluminum ingot in Shanghai warehouse price trend from 31/8/2018 to 31/10/2018 (RMB/t) 5
Graph 10 Chinese aluminum ingot in Guangzhou warehouse price trend from 31/8/2018 to 31/10/2018 (RMB/t) 5
Graph 11 Chinese secondary aluminum alloy ingot price trend from 31/8/2018 to 31/10/2018 (RMB/t) 6
Graph 12 Indian bauxite 43% CIF China price trend from 31/8/2018 to 31/10/2018 (USD/t) 6
Graph 13 Guinean bauxite 45% CIF China price trend from 31/8/2018 to 31/10/2018 (USD/t) 6
Graph 14 Indonesia bauxite 46% CIF China price trend from 31/8/2018 to 31/10/2018 (USD/t) 6
Graph 15 Chinese aluminum fluoride 61% FOB price trend from 31/8/2018 to 31/10/2018 (USD/t) 7
Graph 16 LME aluminum spot settlement price trend from 31/8/2018 to 31/10/2018 (USD/t) 7
Graph 17 LME aluminum stocks trend from 31/8/2018 to 31/10/2018 (ton) 7
Graph 18 Chinese secondary aluminum alloy ingot FOB price trend from 31/8/2018 to 31/10/2018 (USD/t) 7
Graph 19 China's aluminum fluoride output by month from 1/2017 to 10/2018 (Tonne) 9
Graph 20 China's aluminum fluoride output by month and major province from 1/2017 to 10/2018 (Tonne) 9
Graph 21 Chinese aluminum fluoride producers' inventory by month from 1/2017 to 10/2018 (Tonne) 9
Graph 22 Chinese aluminum fluoride producers' inventory by month and major province from 1/2017 to 10/2018 (Tonne) 9
Graph 23 China's alumina output by month from 1/2017 to 10/2018 (KT) 9
Graph 24 China's monthly alumina output by major province from 1/2017 to 10/2018 (KT) 10
Graph 25 Chinese alumina producers' operating rate by month from 1/2017 to 10/2018 (%) 10
Graph 26 Chinese alumina producers' operating rate by month and province from 1/2017 to 10/2018 (%) 10
Graph 27 China's primary aluminum output by month from 1/2017 to 10/2018 (KT) 10
Graph 28 China's monthly primary aluminum output by province from 1/2017 to 10/2018 (KT) 10
Graph 29 Chinese primary aluminum producers' operating rate by month from 1/2017 to 10/2018 (%) 11
Graph 30 Chinese primary aluminum producers' operating rate by month and region from 1/2017 to 10/2018 (%) 11
Graph 31 China's secondary aluminum alloy output by month from 1/2017 to 10/2018 (KT) 11
Graph 32 China's secondary aluminum alloy output by month and major province from 1/2017 to 10/2018 (KT) 11
Graph 33 China's consumption of domestic bauxite by month from 1/2017 to 10/2018 (KT) 11
Graph 34 China's consumption of domestic bauxite by month and major province from 1/2017 to 10/2018 (KT) 12
Graph 35 China's inventory of domestic bauxite by month from 1/2017 to 10/2018 (KT) 12
Graph 36 China's inventory of domestic bauxite by month and major province from 1/2017 to 10/2018 (KT) 12
Graph 37 China's consumption of imported bauxite by month from 1/2017 to 10/2018 (KT) 12
Graph 38 China's inventory of imported bauxite by month from 1/2017 to 10/2018 (KT) 12
Graph 39 Chinese bauxite imports by month from 01/2017 to 09/2018 (KT) 13
Graph 40 Chinese bauxite import volume by major countries by month from 01/2017 to 09/2018 (KT) 13
Graph 41 Chinese aluminum fluoride export volume by month from 01/2017 to 09/2018 (Tonne) 14
Graph 42 Chinese aluminum fluoride export volume by major countries by month from 01/2017 to 09/2018 (Tonne) 14
Graph 43 Chinese fluorspar 97% delivered price trend from 31/8/2018 to 31/10/2018 (RMB/t) 14
Graph 44 Chinese caustic soda 32% 100% consistency price trend from 31/8/2018 to 31/10/2018 (RMB/t) 14
Graph 45 Chinese imported Zorba aluminum scrap (98-1) price trend from 31/8/2018 to 31/10/2018 (USD/t) 15

Table 1 Chinese bauxite imports Jan-Sep 13
Table 2 China's alumina exports in Sep by country 14

.Asian Metal Copyright3% MOM in late Oct 9 5Asian Metal Copyright