Monthly Fused Alumina Market Report Oct 2022

Contents

1 Market Highlights 3
2 Economy and Policy 3
2.1 MEE: To launch third round of central ecological and environmental protection inspection campaign 3
3 Market Movement 3
3.1 Chinese Market 3
3.1.1 Brown fused alumina 95%min 1-3mm EXW China 3
3.1.2 Brown fused alumina 95%min F36 EXW China 3
3.1.3 White fused alumina 99%min 1-3mm EXW China 3
3.1.4 White fused alumina 99%min F36 EXW China 3
3.2 Chinese Export Market 3
3.2.1 Brown fused alumina 95%min 1-3mm FOB China 3
3.2.2 Brown fused alumina 95%min F36 FOB China 4
3.2.3 White fused alumina 99%min 1-3mm FOB China 4
3.2.4 White fused alumina 99%min F36 FOB China 4
3.3 International Market 4
3.3.1 Brown fused alumina 95%min 1-3mm EXW India 4
3.3.2 Brown fused alumina 95%min F36 EXW India 4
3.3.3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam 5
3.3.4 White fused alumina 99%min 1-3mm in Warehouse Rotterdam 5
4 Company news 5
4.1 Xingyang Longsheng suspends white fused alumina production 5
4.1 Guangxi Pingguo to resume brown fused alumina production 5
5 Producer Statistics 5
5.1 Chinese brown fused alumina producers' statistics 5
5.1.Asian Metal Copyright5%min EXW China from 2022-09-01 to 2022-10-31 RMBt 8 Market Outlook for Next Month 8.Asian Metal Copyright2 Chinese brown fused alumina producers' output up by 5.20% MoM in Oct 5
5.1.Asian Metal Copyright2 Chinese Export Market 9 8.Asian Metal Copyright3 Chinese brown fused alumina producers' inventory up by 0.41% MoM in Oct 6
5.2 Chinese white fused alumina producers' statistics 6
5.2.Asian Metal Copyright Due to the weak market demand, most producers cut their prices to boost sales.Asian Metal Copyright1 Chinese white fused alumina producers' operating rate down by 4.00% MoM in Oct 6
5.2.Asian Metal Copyright99% YoY and down by 51.Asian Metal Copyright3 Chinese white fused alumina producers' inventory down by 4.28% MoM in Oct 7
6 Custom Statistics 7
6.1 China's brown fused alumina export volume grew 3.36% MoM in Sep 2022 7
6.2 China's white fused alumina export volume decreased 6.02% YoY in Sep 2022 8
7 Relevant Industry News 9
7.1 Calcined bauxite market 9
7.2 Chinese alumina market 9
8 Market Outlook for Next Month 9
8.1 Chinese market 9
8.1.1 Brown fused alumina 95%min 1-3mm EXW China 9
8.1.2 Brown fused alumina 95%min F36 EXW China 9
8.1.3 White fused alumina 99%min 1-3mm EXW China 9
8.1.4 White fused alumina 99%min F36 EXW China 9
8.2 Chinese Export Market 9
8.2.1 Brown fused alumina 95%min 1-3mm FOB China 9
8.2.2 Brown fused alumina 95%min F36 FOB China 9
8.2.3 White fused alumina 99%min 1-3mm FOB China 9
8.2.4 White fused alumina 99%min F36 FOB China 9
8.3 International Market 9
8.3.1 Brown fused alumina 95%min 1-3mm EXW India 9
8.3.2 Brown fused alumina 95%min F36 EXW India 9
8.3.3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam 9
8.3.4 White fused alumina 99%min 1-3mm in Warehouse Rotterdam 9


















































1 Market Highlights

Brown fused alumina:
Due the weak market demand, most producers cut their prices in October to compete for orders.

Considering that the overseas demand stayed weak and US dollars kept appreciating against Chinese Yuan, most exporters cut their prices to boost sales.

White fused alumina:
Given the decreasing alumina prices and the weak market demand, most producers cut their prices in October to boost sales.

Most exporters lowered their prices on basis of the decreasing domestic prices and the appreciating US dollars against Chinese Yuan, given that the overseas demand remained weak.

2 Economy and Policy

2.1 MEE: To launch third round of central ecological and environmental protection inspection campaign
On October 21st, the MEE that China has completed two rounds of central ecological and environmental protection inspection campaigns in 31 provinces and plan to carry out the third round of inspection campaign to solve outstanding ecological and environmental problems.

The coming environmental protection inspection would increase production costs of refractory industry.

3 Market Movement

3.1 Chinese Market

3.1.1 Brown fused alumina 95%min 1-3mm EXW China
By the end of October, the mainstream prices of Chinese brown fused alumina 95%min 1-3mm stood at RMB4,900-5,100/t (USD678-706/t) Inc-VAT EXW D/A 180 days, down by RMB100/t (USD14/t) MoM. Due to the weak market demand, most producers cut their prices to boost sales.

Prices of brown fused alumina 95%min 1-3mm EXW China from 2022-09-01 to 2022-10-31 (RMB/t)


3.1.2 Brown fused alumina 95%min F36 EXW China
In late October, the mainstream prices of Chinese brown fused alumina 95%min F36 stood at RMB5,400-5,600/t (USD748-775/t) Inc-VAT EXW D/P, down by RMB100/t (USD14/t) MoM. Owing to the weak market demand, most producers cut their prices to compete for orders.

Prices of brown fused alumina 95%min F36 EXW China from 2022-09-01 to 2022-10-31 (RMB/t)


3.1.3 White fused alumina 99%min 1-3mm EXW China
By the end of October, the mainstream prices of white fused alumina 99%min 1-3mm stood at RMB4,450-4,550/t (USD616-630/t) Inc-VAT EXW D/P, down by RMB100/t (USD14/t) MoM. Given the weak market demand and reducing raw material prices, most producers cut their prices.

Prices of white fused alumina 99%min 1-3mm EXW China from 2022-09-01 to 2022-10-31 (RMB/t)


3.1.4 White fused alumina 99%min F36 EXW China
In late October, the mainstream prices of Chinese white fused alumina 99%min F36 stayed at RMB4,850-5,050/t (USD671-699/t) Inc-VAT EXW D/P, down by RMB150/t (USD21/t) MoM. As the market demand still remained weak and raw material prices went down, most producers slightly decreased their prices to compete for orders.

Prices of white fused alumina 99%min F36 EXW China from 2022-09-01 to 2022-10-31 (RMB/t)


3.2 Chinese Export Market

3.2.1 Brown fused alumina 95%min 1-3mm FOB China
By the end of October, the mainstream export prices of Chinese brown fused alumina 95%min 1-3mm stood at USD700-720/t Ex-VAT FOB China, down by USD20/t MoM. Owing to the weak overseas demand and appreciating US dollars against Chinese Yuan, most exporters decreased their prices to compete for orders.

Price trend of brown fused alumina 95%min 1-3mm FOB China from 2022-09-01 to 2022-10-31 (USD/t)


3.2.2 Brown fused alumina 95%min F36 FOB China
In late October, the mainstream export prices of Chinese brown fused alumina F36 stayed at USD780-800/t FOB China, down by USD15/t MoM. Owing to the overseas buys' weak demand and the appreciating US dollars against Chinese Yuan, most exporters decreased their prices to improve competitiveness.

Price trend of brown fused alumina 95%min F36 FOB China from 2022-09-01 to 2022-10-31 (USD/t)


3.2.3 White fused alumina 99%min 1-3mm FOB China
By the end of October, the export prices of Chinese white fused alumina 99%min 1-3mm increased to USD610-630/t FOB China, down by USD40/t MoM. Owing to the overseas buys' weak demand and the appreciating US dollars against Chinese Yuan, most exporters cut their prices to boost sales.

Price trend of white fused alumina 99%min 1-3mm FOB China from 2022-09-01 to 2022-10-31 (USD/t)


3.2.4 White fused alumina 99%min F36 FOB China

In late October, the mainstream export prices of Chinese white fused alumina 99%min F36 stayed at USD700-720/t FOB China by late last month, down by USD40/t MoM. Given the overseas buys' weak demand and the appreciating US dollars against Chinese Yuan, most exporters reduced their prices to boost sales.

Price trend of white fused alumina 99%min F36 FOB China from 2022-09-01 to 2022-10-31 (USD/t)


3.3 International Market

3.3.1 Brown fused alumina 95%min 1-3mm EXW India
By the end of October, the mainstream prices of brown fused alumina 95%min 1-3mm in Indian market stayed at INR88,500-89,500/t Inc-VAT EXW T/T 45 days, unchanged MoM. Despite the weak market demand, most Indian producers kept their prices stable supported by the firm raw material prices.

Price trend of brown fused alumina 95%min 1-3mm EXW India from 2022-09-01 to 2022-10-31 (INR/t)


3.3.2 Brown fused alumina 95%min F36 EXW India
By the end of October, the mainstream prices of brown fused alumina 95%min F36 in Indian market stood at INR94,500-95,500/t Inc-VAT EXW T/T 45 days, unchanged MoM. Despite the weak market demand, most Indian producers firmed their prices supported by the high production costs.

Price trend of brown fused alumina 95%min F36 EXW India from 2022-09-01 to 2022-10-31 (INR/t)


3.3.3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam
In late October, the mainstream prices of European brown fused alumina 95%min 1-3mm stood at EUR840-890/t T/T 30 days in Warehouses Rotterdam, down by EUR10/t MoM. Owing to the reduced local market demand and decreased prices from Chinese suppliers, most suppliers in European decreased their prices to keep flat sales.

Price trend of brown fused alumina 95%min 1-3mm in Warehouse Rotterdam from 2022-09-01 to 2022-10-31 (EUR/t)


3.3.4 White fused alumina 99%min 1-3mm in Warehouse Rotterdam
By the end of October, the mainstream prices of white fused alumina 99%min 1-3mm hovered at EUR770-820/t in Warehouse Rotterdam, down by EUR30/t MoM. Owing to the reduced local market demand and decreased prices from Chinese suppliers, most suppliers in European decreased their prices to boost sales.

Price trend of white fused alumina 95%min 1-3mm in warehouse Rotterdam from 2022-09-01 to 2022-10-31 (EUR/t)


4 Company news

4.1 Xingyang Longsheng suspends white fused alumina production
Xingyang Longsheng Abrasive Materials Co., Ltd.Asian Metal Copyright2 Brown fused alumina 95%min F36 FOB China 4 3.Asian Metal Copyright halted production today due to pandemic quarantine and they would produce about 3,000t in October.Asian Metal Copyright1 Chinese white fused alumina producers' operating rate down by 4.Asian Metal Copyright They suspended production today due to the pandemic quarantine and produced about 3,000t so far in this month.Asian Metal Copyright plans to resume production on 10th November and they would produce about 2,000t in November.Asian Metal Copyright They expected to resume production in early November.Asian Metal Copyright00% YoY; that in Shanxi was 10,000t, down by 10.Asian Metal Copyright With a production capacity of 80,000tpy, the company produced about 40,000t so far this year and expected to produce about 48,000t in 2022.Asian Metal Copyright32% YoY.Asian Metal Copyright Currently they hold an inventory of nearly 2,000t, up by 1,000t from last month due to pandemic quarantine.

4.1 Guangxi Pingguo to resume brown fused alumina production
Guangxi Pingguo Minerals Co., Ltd.Asian Metal Copyright00% YOY; that in other area was 700t, up by 40% MoM.Asian Metal Copyright plans to resume production on 10th November and they would produce about 2,000t in November.Asian Metal Copyright00% YoY; that in Shanxi was 10,000t, down by 10.Asian Metal Copyright They suspended production in mid-September due to the sluggish market demand and would resume production on 10th November.Asian Metal Copyright Given the overseas buys' weak demand and the appreciating US dollars against Chinese Yuan, most exporters reduced their prices to boost sales.Asian Metal Copyright They produced about 1,500t in September.Asian Metal Copyright29% MoM and up by 562.Asian Metal Copyright With a production capacity of 78,000tpy, the company produced about 23,000t so far this year and expected to produce about 28,000t in 2022.Asian Metal Copyright 8.Asian Metal Copyright Currently they hold an inventory of nearly 2,000t.

5 Producer Statistics

5.1 Chinese brown fused alumina producers' statistics

5.1.Asian Metal Copyright13% YoY; that in Shandong was 26.Asian Metal Copyright1 Chinese brown fused alumina producers' operating rate up by 1.16% MoM in Oct
In October 2022, China's operating rate of brown fused alumina producers was 23.41%, up by 1.Asian Metal Copyright80% MoM in Oct In October 2022, Chinese white fused alumina producers' output was 75,150t, down by 10.Asian Metal Copyright16% MoM and up by 1.Asian Metal Copyright4 White fused alumina 99%min F36 FOB China In late October, the mainstream export prices of Chinese white fused alumina 99%min F36 stayed at USD700-720t FOB China by late last month, down by USD40t MoM.Asian Metal Copyright7% YoY.

Chinese brown fused alumina producers' operating rate from
Oct 2021 to Oct 2022 (t)


In October 2022, the operation rate of producers in Guizhou was 22.83%, up by 12.Asian Metal Copyright4 White fused alumina 99%min F36 FOB China Considering the steady domestic prices, the exporters would firm their prices next month.Asian Metal Copyright92% MoM and up by 9.Asian Metal Copyright2 Brown fused alumina 95%min F36 FOB China In late October, the mainstream export prices of Chinese brown fused alumina F36 stayed at USD780-800t FOB China, down by USD15t MoM.Asian Metal Copyright79% YoY; that in Henan was 16.Asian Metal Copyright1 Calcined bauxite market 9 7.Asian Metal Copyright00%, up by 2.Asian Metal Copyright66mt in the previous month, down by 10.Asian Metal Copyright89% MoM and up by 0.Asian Metal Copyright The average price was USD1,267.Asian Metal Copyright44% YoY; that in Shanxi was 37.Asian Metal Copyright As the market demand still remained weak and raw material prices went down, most producers slightly decreased their prices to compete for orders.Asian Metal Copyright15%, down by 3.Asian Metal Copyright Chinese white fused alumina producers' inventory from Oct 2021 to Oct 2022 t Chinese white fused alumina producers' inventory by province from Oct 2021 to Oct 2022 t In October 2022, the white fused alumina producers' inventory in Henan was 41,000t, up by 19.Asian Metal Copyright72% MoM and up by 6.Asian Metal Copyright2 Chinese white fused alumina producers' statistics 5.Asian Metal Copyright69% YoY; that in other area was 46.Asian Metal Copyright3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam In late October, the mainstream prices of European brown fused alumina 95%min 1-3mm stood at EUR840-890t TT 30 days in Warehouses Rotterdam, down by EUR10t MoM.Asian Metal Copyright28%, down by 9.Asian Metal Copyright56% YoY and down 44.Asian Metal Copyright58% MoM and down by 14.Asian Metal Copyright2 Chinese white fused alumina producers' statistics 5.Asian Metal Copyright88% YoY.

Chinese brown fused alumina producers' operating rate from
Oct 2021 to Oct 2022 (t)


5.1.Asian Metal Copyright3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam 9 8.Asian Metal Copyright2 Chinese brown fused alumina producers' output up by 5.20% MoM in Oct
In October 2022, Chinese brown fused alumina producers' output was 64,700t, up by 5.20% MoM and down by 6.Asian Metal Copyright2.Asian Metal Copyright85% YoY.

Chinese brown fused alumina producers' output from Oct 2021 to Oct 2022


Chinese brown fused alumina producers' output by province from
Oct 2021 to Oct 2022


In October 2022, in Guizhou was 17,500t, up by 130.26% MoM and up by 75.Asian Metal Copyright20% MoM.Asian Metal Copyright00% YoY; that in Shanxi was 10,000t, down by 10.Asian Metal Copyright56% YoY and down 44.Asian Metal Copyright00% MoM and down by 21.Asian Metal Copyright83%, up by 12.Asian Metal Copyright95% YoY; that in Henan was 23,200t, down by 15.Asian Metal Copyright62% MoM.Asian Metal Copyright33% MoM and down by 2.Asian Metal Copyright China exported 26,478mt of brown fused alumina to United States, 15,362mt in the same period last year and 23,676mt in the previous month, up by 72.Asian Metal Copyright72% YoY; that in other area was 14,000t, down 9.Asian Metal Copyright1 Brown fused alumina 95%min 1-3mm EXW China As the market prices already decreased close to production cost line, most producers already cut or even halted production rather than lowering their prices further next month.Asian Metal Copyright67% MoM and down by 24.Asian Metal Copyright4 White fused alumina 99%min F36 FOB China 9 8.Asian Metal Copyright32% YoY.

5.1.Asian Metal Copyright85% YoY; that in Shandong was 20,900t, down by 4.Asian Metal Copyright3 Chinese brown fused alumina producers' inventory up by 0.41% MoM in Oct
In October 2022, Chinese brown fused alumina producers' inventory was 92,680t, up by 0.41% MoM and up by 352.Asian Metal Copyright41% MoM and up by 352.Asian Metal Copyright09% YoY.

Chinese brown fused alumina producers' inventory from
Oct 2021 to Oct 2022(t)


In October 2022, the brown fused alumina producers' inventory in Guizhou was 29,800t, down by 2.29% MoM and up by 562.Asian Metal Copyright1.Asian Metal Copyright22% YoY; that in Shanxi was 21,500t, down by 2.Asian Metal Copyright83mt in the previous month, down 8.Asian Metal Copyright27% MoM and up by 131.Asian Metal Copyright2.Asian Metal Copyright18% YoY; that in Henan was 25,380t, up by 11.Asian Metal Copyright Owing to the overseas buys' weak demand and the appreciating US dollars against Chinese Yuan, most exporters cut their prices to boost sales.Asian Metal Copyright32% MoM and up by 278.Asian Metal Copyright14mt, USD1,256.Asian Metal Copyright80% YoY; that in other area was 19,000t, up by 11.Asian Metal Copyright1 Guangxi Pingguo to resume brown fused alumina production Guangxi Pingguo Minerals Co.Asian Metal Copyright76% MoM.

Chinese brown fused alumina producers' inventory by province from
Oct 2021 to Oct 2022(t)


5.2 Chinese white fused alumina producers' statistics

5.2.Asian Metal Copyright They expected to resume production in early November.Asian Metal Copyright1 Chinese white fused alumina producers' operating rate down by 4.00% MoM in Oct
In October 2022, Chinese white fused alumina producers' operating rate was 37.73%, down by 4.Asian Metal Copyright 8.Asian Metal Copyright00% MoM and up by 15.Asian Metal Copyright China exported 2,690mt of white fused alumina to United States, 369mt in the same period last year and 5,586mt in the previous month, up by 628.Asian Metal Copyright37% YoY.

Chinese white fused alumina producers' operating rate from
Oct 2021 to Oct 2022 (%)


In October 2022, the operating rate of white fused alumina producers in Henan was 44.85%, down by 5.Asian Metal Copyright03mt in the previous month, down by 45.Asian Metal Copyright75% MoM and up by 16.Asian Metal Copyright1 Guangxi Pingguo to resume brown fused alumina production Guangxi Pingguo Minerals Co.Asian Metal Copyright13% YoY; that in Shandong was 26.Asian Metal Copyright China's export volume of white fused alumina in previous 13 months In Sep 2022, the top three export sources of white fused alumina for China were Japan, United States and India.Asian Metal Copyright13%, down by 1.Asian Metal Copyright28% MoM in Oct In October 2022, Chinese white fused alumina producers' inventory was 54,900t, down by 4.Asian Metal Copyright25% MoM and up by 13.Asian Metal Copyright2 China's white fused alumina export volume decreased 6.Asian Metal Copyright00% YoY; that in other area was 73.Asian Metal Copyright1 China's brown fused alumina export volume grew 3.Asian Metal Copyright85%, unchanged MoM.

Chinese white fused alumina producers' operating rates by province from Oct 2021 to Oct 2022


5.2.Asian Metal Copyright1 Brown fused alumina 95%min 1-3mm EXW China 3 3.Asian Metal Copyright2 Chinese white fused alumina producers' output down by 10.80% MoM in Oct
In October 2022, Chinese white fused alumina producers' output was 75,150t, down by 10.80% MoM and up by 77.Asian Metal Copyright Most exporters lowered their prices on basis of the decreasing domestic prices and the appreciating US dollars against Chinese Yuan, given that the overseas demand remained weak.Asian Metal Copyright24% YoY.

Chinese white fused alumina producers' output from Oct 2021 to Oct 2022


In October 2022, the white fused alumina producers' output in Henan was 52,500t, down by 13.00% MoM and up by 57.Asian Metal Copyright1 MEE: To launch third round of central ecological and environmental protection inspection campaign 3 3 Market Movement 3 3.Asian Metal Copyright85% YoY; that in Shandong was 20,900t, down by 4.Asian Metal Copyright56mt in the same period last year and USD2,060.Asian Metal Copyright56% and up by 124.Asian Metal Copyright1.Asian Metal Copyright73% YoY; that in other area was 2,000t, unchanged MoM.

Chinese white fused alumina producers' output by province from
Oct 2021 to Oct 2022 (t)


5.2.Asian Metal Copyright3.Asian Metal Copyright3 Chinese white fused alumina producers' inventory down by 4.28% MoM in Oct
In October 2022, Chinese white fused alumina producers' inventory was 54,900t, down by 4.28% MoM and up by 976.Asian Metal Copyright58% MoM and down by 14.Asian Metal Copyright47% YoY.

Chinese white fused alumina producers' inventory from
Oct 2021 to Oct 2022 (t)


Chinese white fused alumina producers' inventory by province from
Oct 2021 to Oct 2022 (t)


In October 2022, the white fused alumina producers' inventory in Henan was 41,000t, up by 19.88% MoM and up by 900.Asian Metal Copyright3.Asian Metal Copyright00% YoY; that in Shandong was 13,200t, down by 36.Asian Metal Copyright Chinese white fused alumina producers' output by province from Oct 2021 to Oct 2022 t 5.Asian Metal Copyright31% MoM and up by 1220.Asian Metal Copyright46% MoM.Asian Metal Copyright00% YOY; that in other area was 700t, up by 40% MoM.

6 Custom Statistics

6.1 China's brown fused alumina export volume grew 3.36% MoM in Sep 2022
In Sep 2022, China exported 51,579mt of brown fused alumina, 52,034mt in the same period last year and 49,902mt in the previous month, down by 0.87% YoY and up by 3.Asian Metal Copyright3 White fused alumina 99%min 1-3mm EXW China As the production costs stayed high and the market demand stayed weak, most producers would firm their prices next month.Asian Metal Copyright36% MoM.
In Sep 2022, China exported USD60,457,810 worth of brown fused alumina, USD64,605,132 in the same period last year and USD67,023,223 in the previous month, down 6.42% YoY and down 9.Asian Metal Copyright Given the weak market demand and reducing raw material prices, most producers cut their prices.Asian Metal Copyright80% MoM.Asian Metal Copyright27% MoM and up by 131.Asian Metal Copyright The average price was USD1,172.14/mt, USD1,241.60/mt in the same period last year and USD1,343.10/mt in the previous month.
In Jan-Sep 2022, China exported a total of 381,055mt of brown fused alumina, 384,086mt in the same period last year, down 0.79% YoY.

China's export volume of brown fused alumina in previous 13 months


In Sep 2022, the top three export destinations of brown fused alumina for China were United States, Japan, and India.

China exported 26,478mt of brown fused alumina to United States, 15,362mt in the same period last year and 23,676mt in the previous month, up by 72.36% YoY and up 11.Asian Metal Copyright Despite the weak market demand, most Indian producers kept their prices stable supported by the firm raw material prices.Asian Metal Copyright83% MoM.Asian Metal Copyright1 Brown fused alumina 95%min 1-3mm EXW India 4 3.Asian Metal Copyright The average price was USD1,172.14/mt, USD1,241.59/mt in the same period last year and USD1,343.09/mt in the previous month, down 5.Asian Metal Copyright4 White fused alumina 99%min 1-3mm in Warehouse Rotterdam 9 1 Market Highlights Brown fused alumina: Due the weak market demand, most producers cut their prices in October to compete for orders.Asian Metal Copyright94% YoY and down 12.Asian Metal Copyright1 Brown fused alumina 95%min 1-3mm EXW India Though the prices in Chinese market decreased, most Indian producers still intend to keep their prices firm based on firm production cost and no inventory pressure.Asian Metal Copyright73% MoM.

China exported 5,836mt of brown fused alumina to Japan, 9,574mt in the same period last year and 3,796mt in the previous month, down 39.04% YoY and up 53.Asian Metal Copyright3.Asian Metal Copyright62% MoM.Asian Metal Copyright Despite the weak market demand, most Indian producers kept their prices stable supported by the firm raw material prices.Asian Metal Copyright The average price was USD1,998.60/mt, USD1,840.49/mt in the same period last year and USD1,468.57/mt in the previous month, up 8.Asian Metal Copyright 8.Asian Metal Copyright58% YoY and up 36.Asian Metal Copyright3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam 5 3.Asian Metal Copyright13% MoM.

China exported 3,284mt of brown fused alumina to India, 1,816mt in the same period last year and 2,688mt in the previous month, up 80.83% YoY and up 22.Asian Metal Copyright3 International Market 8.Asian Metal Copyright17% MoM.Asian Metal Copyright2 Chinese alumina market 9 8 Market Outlook for Next Month 9 8.Asian Metal Copyright The average price was USD1,148.14/mt, USD1,256.56/mt in the same period last year and USD2,060.83/mt in the previous month, down 8.Asian Metal Copyright2.Asian Metal Copyright56% YoY and down 44.Asian Metal Copyright1.Asian Metal Copyright27% MoM.

China's export volume of brown fused alumina to top three countries in previous 13 months


6.2 China's white fused alumina export volume decreased 6.02% YoY in Sep 2022
In Sep 2022, China exported 28,770mt of white fused alumina, 30,613mt in the same period last year and 36,994mt in the previous month, down 6.02% YoY and down 22.Asian Metal Copyright1.Asian Metal Copyright23% MoM.

In Sep 2022, China exported USD36,592,299 worth of white fused alumina, USD40,320,878 in the same period last year and USD64,435,235 in the previous month, down by 9.23% YoY and down by 43.Asian Metal Copyright The average price was USD1,172.Asian Metal Copyright32% MoM.Asian Metal Copyright2 Brown fused alumina 95%min F36 EXW China As the market prices already dropped close to production cost line, most producers already decreased or even suspended production instead of cutting their prices further.Asian Metal Copyright The average price was USD1,271.89/mt, USD1,317.11/mt in the same period last year and USD1,741.77/mt in the previous month.

In Jan-Sep 2022, China exported a total of 309,737mt of white fused alumina, 279,698mt in the same period last year, up by 10.74% YoY.

China's export volume of white fused alumina in previous 13 months


In Sep 2022, the top three export sources of white fused alumina for China were Japan, United States and India.

China exported 6,613mt of white fused alumina to Japan, 7,160mt in the same period last year and 4,771mt in the previous month, down by 7.64% YoY and up 38.Asian Metal Copyright88% MoM and up by 900.Asian Metal Copyright61% MoM.Asian Metal Copyright Due to the weak market demand, most producers cut their prices to boost sales.Asian Metal Copyright The average price was USD1,267.56/mt, USD1,420.68/mt in the same period last year and USD1,255.66/mt in the previous month, down by 10.Asian Metal Copyright28% MoM and up by 976.Asian Metal Copyright77% YoY and up by 0.Asian Metal Copyright2 Chinese Export Market 3.Asian Metal Copyright95% MoM.

China exported 2,690mt of white fused alumina to United States, 369mt in the same period last year and 5,586mt in the previous month, up by 628.99% YoY and down by 51.Asian Metal Copyright61% MoM.Asian Metal Copyright84% MoM.Asian Metal Copyright20% MoM.Asian Metal Copyright The average price was USD1,185.22/mt, USD4,528.78/mt in the same period last year and USD1,113.92/mt in the previous month, down by 282.Asian Metal Copyright02% YoY and down 22.Asian Metal Copyright10% YoY and up by 6.Asian Metal Copyright2.Asian Metal Copyright46% MoM.

China exported 2,207mt of white fused alumina to India, 1,767mt in the same period last year and 2,280mt in the previous month, up by 24.90% YoY and down by 3.Asian Metal Copyright1 Brown fused alumina 95%min 1-3mm FOB China Considering the stabilized domestic prices, the export prices would stay steady next month.Asian Metal Copyright20% MoM.Asian Metal Copyright32% MoM and up by 278.Asian Metal Copyright The average price was USD926.68/mt, USD1,692.03/mt in the same period last year and USD4,658.03/mt in the previous month, down by 45.Asian Metal Copyright88% YoY.Asian Metal Copyright27% YoY and down 399.Asian Metal Copyright2.Asian Metal Copyright13% MoM.

China's export volume of white fused alumina to top three countries in previous 13 months


7 Relevant Industry News

7.1 Calcined bauxite market
In late October, the mainstream prices of Chinese dead-burnt calcined bauxite by rotary kilns 85%min 1-3mm stood at RMB2,750-2,850/t (USD382-396/t) Inc-VAT EXW T/T 100% done on Friday, unchanged from late last month. The high prices of calcined bauxite led to firm production cost of brown fused alumina

Calcined bauxite -rotary kilns 85%min 1-3mm EXW price trend from 2022-09-01 to 2022-10-31(RMB/t)


7.2 Chinese alumina market
In late October, the mainstream prices of Chinese metallurgy grade alumina stood at RMB2,650/t-2,750/t (USD367-381/t) EXW D/P, down by RMB130/t (USD18/t) MoM. The decreased alumina prices lead to decreased production cost of white fused alumina.

Price trend of alumina 98.5%min EXW China from 2022-09-01 to 2022-10-31 (RMB/t)


8 Market Outlook for Next Month

8.1 Chinese market

8.1.1 Brown fused alumina 95%min 1-3mm EXW China
As the market prices already decreased close to production cost line, most producers already cut or even halted production rather than lowering their prices further next month.

8.1.2 Brown fused alumina 95%min F36 EXW China
As the market prices already dropped close to production cost line, most producers already decreased or even suspended production instead of cutting their prices further.

8.1.3 White fused alumina 99%min 1-3mm EXW China
As the production costs stayed high and the market demand stayed weak, most producers would firm their prices next month.

8.1.4 White fused alumina 99%min F36 EXW China
As the production costs firmed and the market demand remained soft, most producers would stick to their prices next month.

8.2 Chinese Export Market

8.2.1 Brown fused alumina 95%min 1-3mm FOB China
Considering the stabilized domestic prices, the export prices would stay steady next month.

8.2.2 Brown fused alumina 95%min F36 FOB China
Given the flattened domestic prices, the export prices would stay stable next month.

8.2.3 White fused alumina 99%min 1-3mm FOB China
Considering the stable domestic prices, the export prices would keep steady next month.

8.2.4 White fused alumina 99%min F36 FOB China
Considering the steady domestic prices, the exporters would firm their prices next month.

8.3 International Market

8.3.1 Brown fused alumina 95%min 1-3mm EXW India
Though the prices in Chinese market decreased, most Indian producers still intend to keep their prices firm based on firm production cost and no inventory pressure.

8.3.2 Brown fused alumina 95%min F36 EXW India
Though the prices in Chinese market decreased, most Indian producers still intend to keep their prices firm based on firm production cost and no inventory pressure.

8.3.3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam
Based on stabilized prices in Chinese market and stabilized ocean freight, the prices in Europe would flatten out next month.

8.3.4 White fused alumina 99%min 1-3mm in Warehouse Rotterdam
Based on stable prices in Chinese market and firm ocean freight, the prices in Europe would flatten out next month.



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