Monthly Aluminum Market Report Jul 2020
2020-08-14 18:21:58 【Print】
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1 Market Highlights
1.1 Chinese origin bauxite
In July, the supply of Chinese origin bauxite became tight again and price increased. The demand of inland alumina plants for Chinese origin bauxite strengthened.
1.2 Imported bauxite
Due to the increase of sea freight and alumina prices in China, prices for imported bauxite went up in July. Bauxite suppliers in Guinea have cut production since the monsoon began earlier this month.
1.3 Aluminum fluoride
In July, the inventory of aluminum fluoride in China decreased, aluminum fluoride producers suffered losses and ratcheted up their offers.
1.4 Alumina
Domestic alumina prices rose rapidly early this month, then remained stable in the middle of the month, but gradually fell late this month, mainly due to the increase in the operating rate of alumina plants in the north and the increase in supply. Most primary aluminum plants had sufficient raw material inventories and flat demand, and the spot market saw limited transactions.
Prices for Australian alumina in the international market increased slightly.
1.5 Aluminum hydroxide
As alumina prices fell, this month, prices for aluminum hydroxide increased and then edged down, and the spot market saw stable transactions.
1.6 Primary aluminum
The price of primary aluminum in China once rose to a high level of RMB15,000/t (USD2,163/t) early this month and then declined gradually, but rose again late this month. The demand in the downstream market kept good, spot market of aluminum ingot saw stable transactions and the social inventory has not increased significantly.
1.7 Secondary aluminum alloy ingot
In July, the import of secondary aluminum alloy ingot in July had a serious impact on the domestic market, and some small enterprises stopped production because of no price advantage. At present, it is the off season of aluminum alloy market, but the overall market demand has not declined significantly.
1.1 Chinese origin bauxite
In July, the supply of Chinese origin bauxite became tight again and price increased. The demand of inland alumina plants for Chinese origin bauxite strengthened.
1.2 Imported bauxite
Due to the increase of sea freight and alumina prices in China, prices for imported bauxite went up in July. Bauxite suppliers in Guinea have cut production since the monsoon began earlier this month.
1.3 Aluminum fluoride
In July, the inventory of aluminum fluoride in China decreased, aluminum fluoride producers suffered losses and ratcheted up their offers.
1.4 Alumina
Domestic alumina prices rose rapidly early this month, then remained stable in the middle of the month, but gradually fell late this month, mainly due to the increase in the operating rate of alumina plants in the north and the increase in supply. Most primary aluminum plants had sufficient raw material inventories and flat demand, and the spot market saw limited transactions.
Prices for Australian alumina in the international market increased slightly.
1.5 Aluminum hydroxide
As alumina prices fell, this month, prices for aluminum hydroxide increased and then edged down, and the spot market saw stable transactions.
1.6 Primary aluminum
The price of primary aluminum in China once rose to a high level of RMB15,000/t (USD2,163/t) early this month and then declined gradually, but rose again late this month. The demand in the downstream market kept good, spot market of aluminum ingot saw stable transactions and the social inventory has not increased significantly.
1.7 Secondary aluminum alloy ingot
In July, the import of secondary aluminum alloy ingot in July had a serious impact on the domestic market, and some small enterprises stopped production because of no price advantage. At present, it is the off season of aluminum alloy market, but the overall market demand has not declined significantly.
