Monthly Aluminum Market Report April 2019
2019-05-16 17:50:15 【Print】
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1 Market Highlights
Affected by the sluggish alumina market, prices for Chinese origin bauxite continued to decline in early April, but stabilized gradually in mid-late April. In late April, alumina plants resumed production one after another, and the demand for Chinese bauxite increased.
In early-mid April, Chinese aluminum fluoride prices continued to slump, and aluminum fluoride plants generally suffered losses and planned a new round of production reduction.
As the supply of Guinean bauxite further increased, prices for Indonesian bauxite fell in April.
This month, prices for primary aluminum soared. Qinghai and other places will reduce the power price, and the primary aluminum plants will turn a profit from loss. The operation or resumption of primary aluminum was active in China.
Driven by the rise of aluminum prices, alumina prices rebounded and transactions in spot market were active; suppliers held goods back from selling, but downstream primary aluminum plants still purchased only on rigid demand.
In April, the demand for secondary aluminum alloy ingot from Chinese die-casting plants continued to fall, leading to continuous increasing inventory pressure for secondary aluminum alloy producers. Some producers lowered their prices to sell to reduce inventory pressure which led fierce price competitions.
The demand was booming this month and downstream section steel plants purchased actively. Market transactions were not impacted by tax reduction policy in early April.
Affected by the sluggish alumina market, prices for Chinese origin bauxite continued to decline in early April, but stabilized gradually in mid-late April. In late April, alumina plants resumed production one after another, and the demand for Chinese bauxite increased.
In early-mid April, Chinese aluminum fluoride prices continued to slump, and aluminum fluoride plants generally suffered losses and planned a new round of production reduction.
As the supply of Guinean bauxite further increased, prices for Indonesian bauxite fell in April.
This month, prices for primary aluminum soared. Qinghai and other places will reduce the power price, and the primary aluminum plants will turn a profit from loss. The operation or resumption of primary aluminum was active in China.
Driven by the rise of aluminum prices, alumina prices rebounded and transactions in spot market were active; suppliers held goods back from selling, but downstream primary aluminum plants still purchased only on rigid demand.
In April, the demand for secondary aluminum alloy ingot from Chinese die-casting plants continued to fall, leading to continuous increasing inventory pressure for secondary aluminum alloy producers. Some producers lowered their prices to sell to reduce inventory pressure which led fierce price competitions.
The demand was booming this month and downstream section steel plants purchased actively. Market transactions were not impacted by tax reduction policy in early April.
