Monthly Aluminum Market Report May 2020
2020-06-17 17:08:51 【Print】
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1 Market Highlights
1.1 Chinese origin bauxite
In May, prices for Chinese origin bauxite declined slightly again, but the supply of the material began to be tight from late May, and some mines suspended or cut production.
1.2 Imported bauxite
In May, prices for imported bauxite continued to fall, the sea freight stood at a low level, and the demand of inland alumina plants for imported bauxite weakened.
1.3 Aluminum fluoride
In May, prices for aluminum fluoride in China fell sharply, and aluminum fluoride plants cut or halt production due to high inventory and weak demand.
1.4 Alumina
In early May, prices for Chinese alumina kept stable after rebounded slightly. Most of the primary aluminum plants held sufficient stocks and were inactive in purchasing, resulting in a quiet spot market.
In late May, prices for Australian alumina increased slightly driven by the LME aluminum price.
1.5 Aluminum hydroxide
Prices for aluminum hydroxide kept stable in May and most of the consumers purchased on order basis, so the spot market was quiet.
1.6 Primary aluminum
In May, prices for primary aluminum kept increasing, downstream demand recovered and the social inventory of aluminum ingot kept decreasing steadily, so the spot market saw active transactions.
1.7 Secondary aluminum alloy ingot
In May, the market demand for secondary aluminum alloy ingot in China continued to be weak and was still declining compared with April. The imported aluminum alloy ingot ADC12 impacted the domestic market, making the domestic severe market situation even worse.
1.1 Chinese origin bauxite
In May, prices for Chinese origin bauxite declined slightly again, but the supply of the material began to be tight from late May, and some mines suspended or cut production.
1.2 Imported bauxite
In May, prices for imported bauxite continued to fall, the sea freight stood at a low level, and the demand of inland alumina plants for imported bauxite weakened.
1.3 Aluminum fluoride
In May, prices for aluminum fluoride in China fell sharply, and aluminum fluoride plants cut or halt production due to high inventory and weak demand.
1.4 Alumina
In early May, prices for Chinese alumina kept stable after rebounded slightly. Most of the primary aluminum plants held sufficient stocks and were inactive in purchasing, resulting in a quiet spot market.
In late May, prices for Australian alumina increased slightly driven by the LME aluminum price.
1.5 Aluminum hydroxide
Prices for aluminum hydroxide kept stable in May and most of the consumers purchased on order basis, so the spot market was quiet.
1.6 Primary aluminum
In May, prices for primary aluminum kept increasing, downstream demand recovered and the social inventory of aluminum ingot kept decreasing steadily, so the spot market saw active transactions.
1.7 Secondary aluminum alloy ingot
In May, the market demand for secondary aluminum alloy ingot in China continued to be weak and was still declining compared with April. The imported aluminum alloy ingot ADC12 impacted the domestic market, making the domestic severe market situation even worse.
