Monthly Aluminum Market Report Jan 2020
2020-04-21 21:45:37 【Print】
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1 Market Highlights
1.1 Chinese origin bauxite
As Chinese alumina market continued to be sluggish, prices for Chinese origin bauxite went down significantly, especially those in Henan.
1.2 Imported bauxite
Indonesia was in the rainy season in January, bauxite supply reduced and new quota for exporting was issued slowly, so CIF price in China increased slightly. CIF China prices for bauxite from other countries remained stable as a whole.
1.3 Aluminum fluoride
In January, aluminum fluoride plants in China reduced production on a large scale and producers held back from selling, leading to a sharp increase in aluminum fluoride prices.
1.4 Alumina
Near the Spring Festival, most of the primary aluminum plants have finished the inventory replenishment of alumina, so the spot market saw rare transactions. Alumina plants in northern China offered high price and were reluctant to sell, only a few buyers purchased the material on urgent demand, and alumina prices rebounded slightly.
Overseas market remained quiet; prices for alumina imported from Australia in Chinese market declined due to weak demand.
1.5 Aluminum hydroxide
Prices for aluminum hydroxide remained stable and most of downstream consumers suspended production one after another for the Spring Festival holiday, resulting rare transactions in spot market.
1.6 Primary aluminum
Near the end of January, processing plants in the downstream market suspended production one after another, so the demand for primary aluminum became weak and prices declined; Most of the primary aluminum plants have changed from selling aluminum liquid directly to casting some aluminum ingots. The social inventory of aluminum ingot began to increase.
1.7 Secondary aluminum alloy ingot
In January, the inventory replenishment of downstream die-casting plants was nearly finished, the market demand for secondary aluminum alloy was weakened, and the enthusiasm of consumers to purchase was weakened. The imported aluminum scrap began to enter China after customs clearance, and the shortage of aluminum scrap supply was temporarily relieved.
1.1 Chinese origin bauxite
As Chinese alumina market continued to be sluggish, prices for Chinese origin bauxite went down significantly, especially those in Henan.
1.2 Imported bauxite
Indonesia was in the rainy season in January, bauxite supply reduced and new quota for exporting was issued slowly, so CIF price in China increased slightly. CIF China prices for bauxite from other countries remained stable as a whole.
1.3 Aluminum fluoride
In January, aluminum fluoride plants in China reduced production on a large scale and producers held back from selling, leading to a sharp increase in aluminum fluoride prices.
1.4 Alumina
Near the Spring Festival, most of the primary aluminum plants have finished the inventory replenishment of alumina, so the spot market saw rare transactions. Alumina plants in northern China offered high price and were reluctant to sell, only a few buyers purchased the material on urgent demand, and alumina prices rebounded slightly.
Overseas market remained quiet; prices for alumina imported from Australia in Chinese market declined due to weak demand.
1.5 Aluminum hydroxide
Prices for aluminum hydroxide remained stable and most of downstream consumers suspended production one after another for the Spring Festival holiday, resulting rare transactions in spot market.
1.6 Primary aluminum
Near the end of January, processing plants in the downstream market suspended production one after another, so the demand for primary aluminum became weak and prices declined; Most of the primary aluminum plants have changed from selling aluminum liquid directly to casting some aluminum ingots. The social inventory of aluminum ingot began to increase.
1.7 Secondary aluminum alloy ingot
In January, the inventory replenishment of downstream die-casting plants was nearly finished, the market demand for secondary aluminum alloy was weakened, and the enthusiasm of consumers to purchase was weakened. The imported aluminum scrap began to enter China after customs clearance, and the shortage of aluminum scrap supply was temporarily relieved.
