Monthly Aluminum Market Report Mar 2020
2020-04-21 21:34:28 【Print】
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1 Market Highlights
1.1 Chinese origin bauxite
From mid-March, prices for Chinese origin bauxite began to decline and the supply of the material increased, but the demand of alumina plants declined.
1.2 Imported bauxite
As the sea freight remained at a low level, prices for bauxite imported from Guinea and Indonesia and other countries declined in March.
1.3 Aluminum fluoride
Almost all aluminum fluoride producers resumed production in early March and large amounts of fluorspar were sold in February, so prices for aluminum fluoride increased as a whole in March.
1.4 Alumina
In March, alumina prices fell from a high level, most alumina plants in northern China suffered losses again and downstream primary aluminum plants still waited on the sidelines, leading to rare transactions in the spot market.
Alumina prices in the international market kept falling and Chinese buyers were prudent to close import orders.
1.5 Aluminum hydroxide
As alumina prices fell, prices for aluminum hydroxide went down accordingly, and the demand in the downstream market was still weak, resulting in limited transactions in the spot market.
1.6 Primary aluminum
In this month, the price of primary aluminum fell to a historical low within the recent two years. Most of the primary aluminum plants have suffered losses. Late this month, some of the primary aluminum plants began to shut down their cells for maintenance. The downstream consumer demand remained weak, and the social inventory of aluminum ingot continued to rise.
1.7 Secondary aluminum
In March, prices for primary aluminum sharply declined by RMB1,660/t (USD235/t), which depressed the price of secondary aluminum alloy ingot. Due to the sluggish automobile market, the market demand for secondary aluminum was weak and orders for the material in March dropped by 15%-20% from the same period last year.
1.1 Chinese origin bauxite
From mid-March, prices for Chinese origin bauxite began to decline and the supply of the material increased, but the demand of alumina plants declined.
1.2 Imported bauxite
As the sea freight remained at a low level, prices for bauxite imported from Guinea and Indonesia and other countries declined in March.
1.3 Aluminum fluoride
Almost all aluminum fluoride producers resumed production in early March and large amounts of fluorspar were sold in February, so prices for aluminum fluoride increased as a whole in March.
1.4 Alumina
In March, alumina prices fell from a high level, most alumina plants in northern China suffered losses again and downstream primary aluminum plants still waited on the sidelines, leading to rare transactions in the spot market.
Alumina prices in the international market kept falling and Chinese buyers were prudent to close import orders.
1.5 Aluminum hydroxide
As alumina prices fell, prices for aluminum hydroxide went down accordingly, and the demand in the downstream market was still weak, resulting in limited transactions in the spot market.
1.6 Primary aluminum
In this month, the price of primary aluminum fell to a historical low within the recent two years. Most of the primary aluminum plants have suffered losses. Late this month, some of the primary aluminum plants began to shut down their cells for maintenance. The downstream consumer demand remained weak, and the social inventory of aluminum ingot continued to rise.
1.7 Secondary aluminum
In March, prices for primary aluminum sharply declined by RMB1,660/t (USD235/t), which depressed the price of secondary aluminum alloy ingot. Due to the sluggish automobile market, the market demand for secondary aluminum was weak and orders for the material in March dropped by 15%-20% from the same period last year.
