Monthly Aluminum Report Mar 2019
2019-04-15 17:51:18 【Print】
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1 Market Highlights
The alumina market was still sluggish in March and the prices slipped by about RMB80/t (USD11.93/t). Most producers in Shanxi and Henan suffered losses but those in Shandong and Guangxi saw favorable profit. Most buyers just purchased from hand to mouth, leaving a quiet spot market.
As alumina plants cut production in March, demand for Chinese origin bauxite weakened. The bauxite prices slumped in Henan and transactions softened; the deals in Shanxi also edged down.
In March, Chinese aluminum fluoride prices dropped sharply due to large stocks and weak downstream demand.
More alumina plants in Henan began to replace high-temperature production lines with low-temperature lines. China's demand for Guinean and Indonesian bauxite went strong continuously.
After the heating season in late March, consumption for primary aluminum improved and the stocks declined, making prices inch up. Producers in Southwest China planned to raise production but some in North China had to shut down partial capacities forced by high charges.
In March, demand for secondary aluminum alloy was still sluggish and the market deal was limited; however, that edged up in late March stimulated by the tax cut policy on 1 April.
The alumina market was still sluggish in March and the prices slipped by about RMB80/t (USD11.93/t). Most producers in Shanxi and Henan suffered losses but those in Shandong and Guangxi saw favorable profit. Most buyers just purchased from hand to mouth, leaving a quiet spot market.
As alumina plants cut production in March, demand for Chinese origin bauxite weakened. The bauxite prices slumped in Henan and transactions softened; the deals in Shanxi also edged down.
In March, Chinese aluminum fluoride prices dropped sharply due to large stocks and weak downstream demand.
More alumina plants in Henan began to replace high-temperature production lines with low-temperature lines. China's demand for Guinean and Indonesian bauxite went strong continuously.
After the heating season in late March, consumption for primary aluminum improved and the stocks declined, making prices inch up. Producers in Southwest China planned to raise production but some in North China had to shut down partial capacities forced by high charges.
In March, demand for secondary aluminum alloy was still sluggish and the market deal was limited; however, that edged up in late March stimulated by the tax cut policy on 1 April.
