Monthly Aluminum Market Report Dec 2022
2023-01-16 17:43:15 【Print】
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1 Market Highlights
1.1 Chinese origin bauxite
In December, the supply of Chinese origin bauxite in southern China increased, but that in northern China became tighter because of the COVID-19, and prices moved up.
1.2 Imported bauxite
In December, the supply of Indonesian bauxite decreased further because of the rainy season, while that of Guinean bauxite increased and prices declined. China witnessed weaker demand in the spot market but an increase in long-term orders.
1.3 Alumina
In December, alumina plants in northern China cut production further because of the tight supply of bauxite, so alumina prices went up.
1.4 Aluminum fluoride
As prices for fluorspar and sulfuric acid fell rapidly, prices for Chinese aluminum fluoride moved down fast in mid-to-late December and export prices dropped accordingly.
1.5 Primary aluminum
In early-to-mid December, the spot market of primary aluminum still witnessed rare deals, and consumers only purchased based on orders and had less intention to replenish stocks. Deals were mostly closed among traders.
1.6 Secondary aluminum alloy ingot
In December, the demand for Chinese secondary aluminum alloy ingot kept weak and consumers had not yet replenished stocks in large quantities before the Spring Festival holiday, resulting in greater sales pressure on producers.
1.7 Aluminum bar
In December, downstream consumers in northern China began to suspend production for the holiday one after another, so the demand for aluminum bar kept declining.
1.1 Chinese origin bauxite
In December, the supply of Chinese origin bauxite in southern China increased, but that in northern China became tighter because of the COVID-19, and prices moved up.
1.2 Imported bauxite
In December, the supply of Indonesian bauxite decreased further because of the rainy season, while that of Guinean bauxite increased and prices declined. China witnessed weaker demand in the spot market but an increase in long-term orders.
1.3 Alumina
In December, alumina plants in northern China cut production further because of the tight supply of bauxite, so alumina prices went up.
1.4 Aluminum fluoride
As prices for fluorspar and sulfuric acid fell rapidly, prices for Chinese aluminum fluoride moved down fast in mid-to-late December and export prices dropped accordingly.
1.5 Primary aluminum
In early-to-mid December, the spot market of primary aluminum still witnessed rare deals, and consumers only purchased based on orders and had less intention to replenish stocks. Deals were mostly closed among traders.
1.6 Secondary aluminum alloy ingot
In December, the demand for Chinese secondary aluminum alloy ingot kept weak and consumers had not yet replenished stocks in large quantities before the Spring Festival holiday, resulting in greater sales pressure on producers.
1.7 Aluminum bar
In December, downstream consumers in northern China began to suspend production for the holiday one after another, so the demand for aluminum bar kept declining.
