Monthly Aluminum Market Report Mar 2022
2022-04-15 18:09:33 【Print】
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1 Market Highlights
1.1 Chinese origin bauxite
In March, the supply of Chinese origin bauxite remained tight and the price edged up. At the same time, the purchase demand increased.
1.2 Imported bauxite
In March, the sea freight for imported bauxite moved up and some quotas for bauxite in Indonesia expired, so the supply became tight and the price went up. The demand in the downstream market recovered.
1.3 Alumina
In March, alumina producers in northern China basically resumed normal operation and prices for Chinese origin alumina continued to edge down, so the purchase demand for spot products in China was weak. In mid-to-late March, some alumina suppliers began to engage in export business.
1.4 Aluminum fluoride
As the demand for aluminum fluoride was weak, the price of aluminum fluoride in China went down in March and the export price moved down accordingly. The supply of aluminum fluoride in China increased in this month.
1.5 Primary aluminum
In early March, with the increase in the operating rate of downstream consumers, the demand gradually recovered and the accumulation speed of social inventory of primary aluminum slowed down. Meanwhile, the price of aluminum in domestic market kept rising driven by the continuous increase in the price of LME aluminum.
1.6 Secondary aluminum alloy ingot
In early March, the demand for secondary aluminum alloy ingot improved and consumers purchased actively, so the price of secondary aluminum alloy ingot moved up. The resurgence of the epidemic in mid-March blocked the transportation, which led to a decline in the turnover.
1.7 Aluminum bar
In early-to-mid March, the demand for aluminum bar kept warming up, and the inventory of aluminum bar piled during the Spring Festival was basically sold out in mid-March. Downstream consumers were active in purchasing and treatment charges (TCs) kept moving up.
1.1 Chinese origin bauxite
In March, the supply of Chinese origin bauxite remained tight and the price edged up. At the same time, the purchase demand increased.
1.2 Imported bauxite
In March, the sea freight for imported bauxite moved up and some quotas for bauxite in Indonesia expired, so the supply became tight and the price went up. The demand in the downstream market recovered.
1.3 Alumina
In March, alumina producers in northern China basically resumed normal operation and prices for Chinese origin alumina continued to edge down, so the purchase demand for spot products in China was weak. In mid-to-late March, some alumina suppliers began to engage in export business.
1.4 Aluminum fluoride
As the demand for aluminum fluoride was weak, the price of aluminum fluoride in China went down in March and the export price moved down accordingly. The supply of aluminum fluoride in China increased in this month.
1.5 Primary aluminum
In early March, with the increase in the operating rate of downstream consumers, the demand gradually recovered and the accumulation speed of social inventory of primary aluminum slowed down. Meanwhile, the price of aluminum in domestic market kept rising driven by the continuous increase in the price of LME aluminum.
1.6 Secondary aluminum alloy ingot
In early March, the demand for secondary aluminum alloy ingot improved and consumers purchased actively, so the price of secondary aluminum alloy ingot moved up. The resurgence of the epidemic in mid-March blocked the transportation, which led to a decline in the turnover.
1.7 Aluminum bar
In early-to-mid March, the demand for aluminum bar kept warming up, and the inventory of aluminum bar piled during the Spring Festival was basically sold out in mid-March. Downstream consumers were active in purchasing and treatment charges (TCs) kept moving up.
