Monthly Fused Alumina Market Report Jan 2023

Contents

1 Market Highlights 3
2 Economy and Policy 3
2.1 China's central bank to cut RRR by 0.25 percentage points 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 Zhengzhou Hongxiang suspended white fused alumina production 5
4.2 Luoyang Choucheng would halt white fused alumina production 5
5 Producer Statistics 5
5.1 Chinese brown fused alumina producers' statistics 5
5.1.Asian Metal Copyright2.Asian Metal Copyright2 Chinese brown fused alumina producers' output down by 37.05% MoM in Jan 5
5.1.Asian Metal Copyright69mt in the previous month, up 8.Asian Metal Copyright3 Chinese brown fused alumina producers' inventory down by 5.61% MoM in Jan 6
5.2 Chinese white fused alumina producers' statistics 6
5.2.Asian Metal Copyright3 Chinese brown fused alumina producers' inventory down by 5.Asian Metal Copyright1 Chinese white fused alumina producers' operating rate down by 8.68% MoM in Jan 6
5.2.Asian Metal Copyright With a production capacity of 25,000tpy, the company produced about 20,000t in 2022, unchanged from 2021.Asian Metal Copyright3 Chinese white fused alumina producers' inventory down by 9.29% MoM in Jan 7
6 Custom Statistics 7
6.1 China's brown fused alumina export volume fell 49.64% YoY in Dec 2022 7
6.2 China's white fused alumina export volume rose 48.63% MoM in Dec 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 10
8.1.3 White fused alumina 99%min 1-3mm EXW China 10
8.1.4 White fused alumina 99%min F36 EXW China 10
8.2 Chinese Export Market 10
8.2.1 Brown fused alumina 95%min 1-3mm FOB China 10
8.2.2 Brown fused alumina 95%min F36 FOB China 10
8.2.3 White fused alumina 99%min 1-3mm FOB China 10
8.2.4 White fused alumina 99%min F36 FOB China 10
8.3 International Market 10
8.3.1 Brown fused alumina 95%min 1-3mm EXW India 10
8.3.2 Brown fused alumina 95%min F36 EXW India 10
8.3.3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam 10
8.3.4 White fused alumina 99%min 1-3mm in Warehouse Rotterdam 10






















































1 Market Highlights

Brown fused alumina:
Given the weak market demand but firm production costs, most producers firmed their prices this month.

Considering the stable domestic prices but weak overseas demand, most exporters insisted on their prices this month.

White fused alumina:
Given the rising alumina prices, most producers lifted their prices this month.

Most exporters lifted their prices on basis of the rising domestic prices.

2 Economy and Policy

2.1 China's central bank to cut RRR by 0.25 percentage points
The People's Bank of China announced on January 25 that it will cut reserve requirement ratio (RRR) for financial institutions by 0.25 percentage points, which will bring the weighted average RRR level to 7.Asian Metal Copyright 8.Asian Metal Copyright8%.Asian Metal Copyright They plan to suspend production on 15th January to start our Spring Festival holiday and would produce about 1,000t this month, a source from the company disclosed, noting that they plan to resume production on 30th January.Asian Metal Copyright The RRR cut will take effect on January 5 and is expected to inject 500 billion yuan (69.Asian Metal Copyright Chinese white fused alumina producers' output by province from Jan 2022 to Jan 2023 t 5.Asian Metal Copyright45 billion US dollars) of liquidity into the economy.

This policy would cut the financial costs of refractory companies.

3 Market Movement

3.1 Chinese Market

3.1.1 Brown fused alumina 95%min 1-3mm EXW China
By the end of January, the mainstream prices of Chinese brown fused alumina 95%min 1-3mm stood at RMB4,900-5,100/t (USD723-752/t) Inc-VAT EXW D/A 180 days, unchanged MoM. Despite the weak market demand, supported by the firm production costs, most producers stuck to their prices this month.

Prices of brown fused alumina 95%min 1-3mm EXW China from 2022-12-01 to 2023-01-31 (RMB/t)


3.1.2 Brown fused alumina 95%min F36 EXW China
In late January, the mainstream prices of Chinese brown fused alumina 95%min F36 stood at RMB5,400-5,600/t (USD796-825/t) Inc-VAT EXW D/P, unchanged MoM. In spite of the weak market demand, based on the firm production costs, most producers firmed their prices this month.

Prices of brown fused alumina 95%min F36 EXW China from 2022-12-01 to 2023-01-31 (RMB/t)


3.1.3 White fused alumina 99%min 1-3mm EXW China
By the end of January, the mainstream prices of white fused alumina 99%min 1-3mm stood at RMB4,550-4,650/t (USD671-686/t) Inc-VAT EXW D/P, unchanged MoM. In spite of the weak market demand, based on the firm production costs, most producers firmed their prices this month.

Prices of white fused alumina 99%min 1-3mm EXW China from 2022-12-01 to 2023-01-31 (RMB/t)


3.1.4 White fused alumina 99%min F36 EXW China
In late January, the mainstream prices of Chinese white fused alumina 99%min F36 stayed at RMB4,950-5,150/t (USD730-759/t) Inc-VAT EXW D/P, unchanged MoM. In spite of the weak market demand, based on the firm production costs, most producers firmed their prices this month.

Prices of white fused alumina 99%min F36 EXW China from 2022-12-01 to 2023-01-31 (RMB/t)


3.2 Chinese Export Market

3.2.1 Brown fused alumina 95%min 1-3mm FOB China
By the end of January, the mainstream export prices of Chinese brown fused alumina 95%min 1-3mm stood at USD720-740/t Ex-VAT FOB China, unchanged MoM. Owing to the stable domestic prices, most exporters firmed their prices.

Price trend of brown fused alumina 95%min 1-3mm FOB China from 2022-12-01 to 2023-01-31 (USD/t)


3.2.2 Brown fused alumina 95%min F36 FOB China
In late January, the mainstream export prices of Chinese brown fused alumina F36 stayed at USD800-820/t FOB China, unchanged MoM. Due to the stable domestic prices, most exporters firmed their prices.

Price trend of brown fused alumina 95%min F36 FOB China from 2022-12-01 to 2023-01-31 (USD/t)


3.2.3 White fused alumina 99%min 1-3mm FOB China
By the end of January, the export prices of Chinese white fused alumina 99%min 1-3mm increased to USD650-670/t FOB China, up by USD10/t MoM. Supported by the rising domestic prices and depreciating US dollars against Chinese Yuan, most exporters increased their prices.

Price trend of white fused alumina 99%min 1-3mm FOB China from 2022-12-01 to 2023-01-31 (USD/t)


3.2.4 White fused alumina 99%min F36 FOB China

In late January, the mainstream export prices of Chinese white fused alumina 99%min F36 stayed at USD720-740/t FOB China, up by USD10/t MoM. Supported by the rising domestic prices and depreciating US dollars against Chinese Yuan, most exporters increased their prices.

Price trend of white fused alumina 99%min F36 FOB China from 2022-12-01 to 2023-01-31 (USD/t)


3.3 International Market

3.3.1 Brown fused alumina 95%min 1-3mm EXW India
By the end of January, 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 2022-12-01 to 2023-01-31 (INR/t)


3.3.2 Brown fused alumina 95%min F36 EXW India
By the end of January, 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 2022-12-01 to 2023-01-31 (INR/t)


3.3.3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam
In late January, the mainstream prices of European brown fused alumina 95%min 1-3mm stood at EUR850-900/t T/T 30 days in Warehouses Rotterdam, unchanged MoM. Based on the stable prices from Chinese suppliers, most suppliers in European stuck to their prices this month.

Price trend of brown fused alumina 95%min 1-3mm in Warehouse Rotterdam from 2022-12-01 to 2023-01-31 (EUR/t)


3.3.4 White fused alumina 99%min 1-3mm in Warehouse Rotterdam
By the end of January, the mainstream prices of white fused alumina 99%min 1-3mm hovered at EUR770-820/t in Warehouse Rotterdam, unchanged MoM. Given the weak local market demand but stable prices from Chinese suppliers, most suppliers in European firmed their prices this month.

Price trend of white fused alumina 95%min 1-3mm in warehouse Rotterdam from 2022-12-01 to 2023-01-31 (EUR/t)


4 Company news

4.1 Zhengzhou Hongxiang suspended white fused alumina production
A major white fused alumina producer in China, Zhengzhou Hongxiang Refractory Materials Co., Ltd.Asian Metal Copyright 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 2022-12-01 to 2023-01-31RMBt 7.Asian Metal Copyright suspended production on 4th January due to environmental protection inspection and they produced about 200t in January.Asian Metal Copyright00mt in the previous month, up 1,782.Asian Metal Copyright They suspended production on 4th January due to environmental protection inspection and produced about 200t this month, a source from the company revealed, noting that they plan to resume production on 30th January.Asian Metal Copyright Considering the stable domestic prices but weak overseas demand, most exporters insisted on their prices this month.Asian Metal Copyright With a production capacity of 25,000tpy, the company produced about 20,000t in 2022, unchanged from 2021.Asian Metal Copyright41% MoM and up by 10.Asian Metal Copyright Currently they hold an inventory of nearly 100t.

4.2 Luoyang Choucheng would halt white fused alumina production
A major white fused alumina producer in China, Luoyang Choucheng Minerals Co., Ltd.Asian Metal Copyright Currently they hold an inventory of nearly 100t.Asian Metal Copyright would halt production on 15th January to start Spring Festival holiday and expect an output of nearly 1,000t in January.Asian Metal Copyright The RRR cut will take effect on January 5 and is expected to inject 500 billion yuan 69.Asian Metal Copyright They plan to suspend production on 15th January to start our Spring Festival holiday and would produce about 1,000t this month, a source from the company disclosed, noting that they plan to resume production on 30th January.Asian Metal Copyright51% MoM and down by 11.Asian Metal Copyright With a production capacity of 20,000tpy, the company produced about 20,000t in 2022, compared to about 18,000t in 2021.Asian Metal Copyright16mt in the previous month, up 39.Asian Metal Copyright Currently they hold an inventory of nearly 1,000t.

5 Producer Statistics

5.1 Chinese brown fused alumina producers' statistics

5.1.Asian Metal Copyright4 White fused alumina 99%min F36 EXW China In late January, the mainstream prices of Chinese white fused alumina 99%min F36 stayed at RMB4,950-5,150t USD730-759t Inc-VAT EXW DP, unchanged MoM.Asian Metal Copyright1 Chinese brown fused alumina producers' operating rate down by 15.48% MoM in Jan
In January 2023, China's operating rate of brown fused alumina producers was 15.48%, down by 8.Asian Metal Copyright2 Brown fused alumina 95%min F36 FOB China Given the depreciating US dollars against Chinese Yuan and the flattened domestic prices, the export prices would rise next month.Asian Metal Copyright51% MoM and down by 11.Asian Metal Copyright48% MoM in Jan In January 2023, China's operating rate of brown fused alumina producers was 15.Asian Metal Copyright08% YoY.

Chinese brown fused alumina producers' operating rate from Jan 2022 to Jan 2023 (t)


In January 2023, the operation rate of producers in Guizhou was 9.26%, down by 11.Asian Metal Copyright08% YoY; that in other area was 50.Asian Metal Copyright09% MoM and down by 28.Asian Metal Copyright64% YoY in Dec 2022 In Dec 2022, China exported 38,294.Asian Metal Copyright31% YoY; that in Henan was 6.Asian Metal Copyright32mt in the same period last year and 6,754.Asian Metal Copyright82%, down by 9.Asian Metal Copyright00 in the previous month, up 2.Asian Metal Copyright65% MoM and down by 6.Asian Metal Copyright 5 Producer Statistics 5.Asian Metal Copyright56% YoY; that in Shanxi was 41.Asian Metal Copyright25% YoY.Asian Metal Copyright98%, up by 1.Asian Metal Copyright2 Chinese alumina market In late January, the mainstream prices of Chinese metallurgy grade alumina stood at RMB2,880t-2,980t USD425-440t EXW DP, up by RMB10t USD2t MoM.Asian Metal Copyright11% MoM and down by 12.Asian Metal Copyright01mt in the previous month, up 11.Asian Metal Copyright08% YoY; that in other area was 50.Asian Metal Copyright The average price was USD974.Asian Metal Copyright45%, down by 5.Asian Metal Copyright Despite the weak market demand, most Indian producers kept their prices stable supported by the firm raw material prices.Asian Metal Copyright41% MoM and up by 10.Asian Metal Copyright3 White fused alumina 99%min 1-3mm FOB China 10 8.Asian Metal Copyright78% YoY.

Chinese brown fused alumina producers' operating rate from Jan 2022 to Jan 2023 (t)


5.1.Asian Metal Copyright08% YoY; that in other area was 50.Asian Metal Copyright2 Chinese brown fused alumina producers' output down by 37.05% MoM in Jan
In January 2023, Chinese brown fused alumina producers' output was 41,100t, down by 37.05% MoM and down by 44.Asian Metal Copyright27% YoY and up 44.Asian Metal Copyright00% YoY.

Chinese brown fused alumina producers' output from Jan 2022 to Jan 2023


Chinese brown fused alumina producers' output by province from
Jan 2022 to Jan 2023


In January 2023, in Guizhou was 7,100t, down by 54.48% MoM and down by 75.Asian Metal Copyright1 China's central bank to cut RRR by 0.Asian Metal Copyright34.Asian Metal Copyright2.Asian Metal Copyright54% YoY; that in Shanxi was 11,300t, up by 2.Asian Metal Copyright1 Zhengzhou Hongxiang suspended white fused alumina production A major white fused alumina producer in China, Zhengzhou Hongxiang Refractory Materials Co.Asian Metal Copyright78% MoM and up by 14.Asian Metal Copyright Owing to the stable domestic prices, most exporters firmed their prices.Asian Metal Copyright39% YoY; that in Henan was 8,700t, down by 62.Asian Metal Copyright29% MoM in Jan 7 6 Custom Statistics 7 6.Asian Metal Copyright5% MoM and down by 55.Asian Metal Copyright71% YoY and up 32.Asian Metal Copyright15% YoY; that in other area was 14,000t, down by 9.Asian Metal Copyright China exported 3,604.Asian Metal Copyright67% MoM and down by 16.Asian Metal Copyright In Jan-Dec 2022, China exported a total of 390,911.Asian Metal Copyright67% YoY.

5.1.Asian Metal Copyright2.Asian Metal Copyright3 Chinese brown fused alumina producers' inventory down by 5.61% MoM in Jan
In January 2023, Chinese brown fused alumina producers' inventory was 90,800t, down by 5.61% MoM and up by 162.Asian Metal Copyright1 Chinese market 8.Asian Metal Copyright68% YoY.

Chinese brown fused alumina producers' inventory from Jan 2022 to Jan 2023(t)


In January 2023, the brown fused alumina producers' inventory in Guizhou was 19,800t, down by 26.67% MoM and up by 633.Asian Metal Copyright35mt in the same period last year and USD1,526.Asian Metal Copyright33% YoY; that in Shanxi was 20,500t, up by 12.Asian Metal Copyright2.Asian Metal Copyright95% MoM and up by 220.Asian Metal Copyright26% YoY and down 5.Asian Metal Copyright31% YoY; that in Henan was 40,900t, up by 27.Asian Metal Copyright98%, down by 12.Asian Metal Copyright41% MoM and up by 258.Asian Metal Copyright3 Chinese brown fused alumina producers' inventory down by 5.Asian Metal Copyright77% YoY; that in other area was 15,000t, down by 16.Asian Metal Copyright Price trend of white fused alumina 99%min F36 FOB China from 2022-12-01 to 2023-01-31 USDt 3.Asian Metal Copyright67% MoM, up by 650.Asian Metal Copyright55% YoY and up 16.Asian Metal Copyright00% YoY.

Chinese brown fused alumina producers' inventory by province from
Jan 2022 to Jan 2023(t)


5.2 Chinese white fused alumina producers' statistics

5.2.Asian Metal Copyright3 White fused alumina 99%min 1-3mm FOB China 4 3.Asian Metal Copyright1 Chinese white fused alumina producers' operating rate down by 8.68% MoM in Jan
In January 2023, Chinese white fused alumina producers' operating rate was 26.60%, down by 8.Asian Metal Copyright67% MoM, up by 650.Asian Metal Copyright68% MoM and down by 2.Asian Metal Copyright48%, down by 8.Asian Metal Copyright25% YoY.

Chinese white fused alumina producers' operating rate from Jan 2022 to Jan 2023 (%)


In January 2023, the operating rate of white fused alumina producers in Henan was 27.98%, down by 12.Asian Metal Copyright84% YoY.Asian Metal Copyright66% MoM and down by 3.Asian Metal Copyright1.Asian Metal Copyright69% YoY; that in Shandong was 23.Asian Metal Copyright 4.Asian Metal Copyright02%, down by 3.Asian Metal Copyright2 Luoyang Choucheng would halt white fused alumina production A major white fused alumina producer in China, Luoyang Choucheng Minerals Co.Asian Metal Copyright69% MoM and down by 0.Asian Metal Copyright59mt in the same period last year and USD1,036.Asian Metal Copyright23% YoY; that in other area was 73.Asian Metal Copyright36mt, USD1,506.Asian Metal Copyright85%, unchanged MoM.

Chinese white fused alumina producers' operating rates by province from Jan 2022 to Jan 2023


5.2.Asian Metal Copyright02%, down by 3.Asian Metal Copyright2 Chinese white fused alumina producers' output down by 26.16% MoM in Jan
In January 2023, Chinese white fused alumina producers' output was 53,200t, down by 26.16% MoM and down by 6.Asian Metal Copyright2.Asian Metal Copyright83% YoY.

Chinese white fused alumina producers' output from Jan 2022 to Jan 2023


In January 2023, the white fused alumina producers' output in Henan was 47,750t, up by 2.79% MoM and up by 10.Asian Metal Copyright31% YoY and up 545.Asian Metal Copyright28% YoY; that in Shandong was 22,700t, down by 2.Asian Metal Copyright55mt in the previous month, up 56.Asian Metal Copyright15% and up by 6.Asian Metal Copyright3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam 10 8.Asian Metal Copyright97% YoY; that in other area was 2,000t, unchanged MoM and YoY.

Chinese white fused alumina producers' output by province from Jan 2022 to Jan 2023 (t)


5.2.Asian Metal Copyright67% MoM, up by 650.Asian Metal Copyright3 Chinese white fused alumina producers' inventory down by 9.29% MoM in Jan
In January 2023, Chinese white fused alumina producers' inventory was 43,900t, down by 9.29% MoM and up by 176.Asian Metal Copyright73mt of brown fused alumina, 566,016.Asian Metal Copyright97% YoY.

Chinese white fused alumina producers' inventory from Jan 2022 to Jan 2023 (t)


Chinese white fused alumina producers' inventory by province from
Jan 2022 to Jan 2023 (t)
2

In January 2023, the white fused alumina producers' inventory in Henan was 29,500t, down by 14.73% MoM and up by 255.Asian Metal Copyright10mt, USD875.Asian Metal Copyright42% YoY; that in Shandong was 13,700t, up by 4.Asian Metal Copyright China exported 3,793.Asian Metal Copyright58% MoM and up by 94.Asian Metal Copyright The average price was USD1,807.Asian Metal Copyright69% YOY; that in other area was 700t, unchanged MoM and down by 30.Asian Metal Copyright2 Chinese Export Market 3.Asian Metal Copyright00% YOY.

6 Custom Statistics

6.1 China's brown fused alumina export volume fell 49.64% YoY in Dec 2022
In Dec 2022, China exported 38,294.48mt of brown fused alumina, 76,040.Asian Metal Copyright22mt in the previous month, down 36.Asian Metal Copyright09mt in the same period last year and 30,188.Asian Metal Copyright1 Chinese brown fused alumina producers' statistics 5.Asian Metal Copyright72mt in the previous month, down 49.Asian Metal Copyright The average price was USD1,680.Asian Metal Copyright64% YoY and up 26.Asian Metal Copyright1.Asian Metal Copyright85% MoM.
In Dec 2022, China exported USD80,467,598.00 worth of brown fused alumina, USD96,187,329.Asian Metal Copyright China exported 4,625.Asian Metal Copyright00 in the same period last year and USD49,271,746.Asian Metal Copyright41mt of brown fused alumina to Japan, 9,276.Asian Metal Copyright00 in the previous month, down 16.Asian Metal Copyright2 Luoyang Choucheng would halt white fused alumina production A major white fused alumina producer in China, Luoyang Choucheng Minerals Co.Asian Metal Copyright34% YoY and up 63.Asian Metal Copyright Based on the stable prices from Chinese suppliers, most suppliers in European stuck to their prices this month.Asian Metal Copyright31% MoM.Asian Metal Copyright2.Asian Metal Copyright The average price was USD2,101.28/mt, USD1,264.96/mt in the same period last year and USD1,632.12/mt in the previous month.
In Jan-Dec 2022, China exported a total of 481,252.73mt of brown fused alumina, 566,016.Asian Metal Copyright3 White fused alumina 99%min 1-3mm FOB China Considering the depreciating US dollars against Chinese Yuan and the rising domestic prices, the export prices would move up next month.Asian Metal Copyright23mt in the same period last year, down 14.Asian Metal Copyright1 China's brown fused alumina export volume fell 49.Asian Metal Copyright98% YoY.

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

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

In Dec 2022, the top three export destinations of brown fused alumina for China were Japan, India and Italy.

China exported 9,160.41mt of brown fused alumina to Japan, 9,276.Asian Metal Copyright4 White fused alumina 99%min F36 EXW China In late January, the mainstream prices of Chinese white fused alumina 99%min F36 stayed at RMB4,950-5,150t USD730-759t Inc-VAT EXW DP, unchanged MoM.Asian Metal Copyright32mt in the same period last year and 6,754.Asian Metal Copyright33% YoY; that in Shanxi was 20,500t, up by 12.Asian Metal Copyright98mt in the previous month, down 1.Asian Metal Copyright Chinese white fused alumina producers' operating rates by province from Jan 2022 to Jan 2023 5.Asian Metal Copyright25% YoY and up 35.Asian Metal Copyright96mt in the same period last year and USD1,632.Asian Metal Copyright61% MoM.Asian Metal Copyright00% YoY.Asian Metal Copyright The average price was USD2,144.85/mt, USD1,567.35/mt in the same period last year and USD1,526.94/mt in the previous month, up 36.Asian Metal Copyright66% MoM and down by 3.Asian Metal Copyright89% YoY and up 40.Asian Metal Copyright79% MoM and up by 10.Asian Metal Copyright47% MoM.

China exported 3,942.15mt of brown fused alumina to India, 4,461.Asian Metal Copyright2.Asian Metal Copyright35mt in the same period last year and 2,749.Asian Metal Copyright66% MoM.Asian Metal Copyright34mt in the previous month, down 11.Asian Metal Copyright Chinese brown fused alumina producers' operating rate from Jan 2022 to Jan 2023 t 5.Asian Metal Copyright64% YoY and up 43.Asian Metal Copyright2 Brown fused alumina 95%min F36 FOB China In late January, the mainstream export prices of Chinese brown fused alumina F36 stayed at USD800-820t FOB China, unchanged MoM.Asian Metal Copyright39% MoM.Asian Metal Copyright With a production capacity of 20,000tpy, the company produced about 20,000t in 2022, compared to about 18,000t in 2021.Asian Metal Copyright The average price was USD1,943.94/mt, USD1,395.82/mt in the same period last year and USD2,049.16/mt in the previous month, up 39.Asian Metal Copyright69mt in the previous month, up 8.Asian Metal Copyright26% YoY and down 5.Asian Metal Copyright67% MoM and down by 16.Asian Metal Copyright12% MoM.

China exported 3,835.20mt of brown fused alumina to Italy, 203.Asian Metal Copyright 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 2022-12-01 to 2023-01-31RMBt 7.Asian Metal Copyright75mt in the same period last year and 594.Asian Metal Copyright Despite the weak market demand, most Indian producers kept their prices stable supported by the firm raw material prices.Asian Metal Copyright00mt in the previous month, up 1,782.Asian Metal Copyright1 China's brown fused alumina export volume fell 49.Asian Metal Copyright31% YoY and up 545.Asian Metal Copyright2 China's white fused alumina export volume rose 48.Asian Metal Copyright66% MoM.Asian Metal Copyright56% YoY; that in Shanxi was 41.Asian Metal Copyright The average price was USD1,308.13/mt, USD985.59/mt in the same period last year and USD1,036.68/mt in the previous month, up 32.Asian Metal Copyright3 Brown fused alumina 95%min 1-3mm in Warehouse Rotterdam 10 8.Asian Metal Copyright66% YoY and up 26.Asian Metal Copyright94mt, USD1,395.Asian Metal Copyright13% MoM.

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


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


6.2 China's white fused alumina export volume rose 48.63% MoM in Dec 2022
In Dec 2022, China exported 31,075.34mt of white fused alumina, 42,227.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 Copyright20mt in the same period last year and 20,907.Asian Metal Copyright China exported 3,942.Asian Metal Copyright71mt in the previous month, down 26.Asian Metal Copyright98%, up by 1.Asian Metal Copyright41% YoY and up 48.Asian Metal Copyright3.Asian Metal Copyright63% MoM.
In Dec 2022, China exported USD56,181,621.00 worth of white fused alumina, USD54,933,061.Asian Metal Copyright Chinese white fused alumina producers' output by province from Jan 2022 to Jan 2023 t 5.Asian Metal Copyright00 in the same period last year and USD38,917,670.Asian Metal Copyright96mt in the same period last year and USD1,632.Asian Metal Copyright00 in the previous month, up 2.Asian Metal Copyright05% MoM in Jan 5 5.Asian Metal Copyright27% YoY and up 44.Asian Metal Copyright 8.Asian Metal Copyright36% MoM.Asian Metal Copyright1.Asian Metal Copyright The average price was USD1,807.92/mt, USD1,300.89/mt in the same period last year and USD1,861.40/mt in the previous month.
In Jan-Dec 2022, China exported a total of 390,911.03mt of white fused alumina, 394,233.Asian Metal Copyright48%, down by 8.Asian Metal Copyright69mt in the same period last year, down 0.Asian Metal Copyright Chinese brown fused alumina producers' output from Jan 2022 to Jan 2023 Chinese brown fused alumina producers' output by province from Jan 2022 to Jan 2023 In January 2023, in Guizhou was 7,100t, down by 54.Asian Metal Copyright84% YoY.

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


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

In Dec 2022, the top three export destinations of white fused alumina for China were India, Japan and South Korea.

China exported 4,625.61mt of white fused alumina to India, 2,951.Asian Metal Copyright98% YoY.Asian Metal Copyright62mt in the same period last year and 3,494.Asian Metal Copyright1.Asian Metal Copyright55mt in the previous month, up 56.Asian Metal Copyright98%, down by 12.Asian Metal Copyright71% YoY and up 32.Asian Metal Copyright71% YoY and up 32.Asian Metal Copyright37% MoM.Asian Metal Copyright1.Asian Metal Copyright The average price was USD974.10/mt, USD875.95/mt in the same period last year and USD1,493.66/mt in the previous month, up 11.Asian Metal Copyright Chinese brown fused alumina producers' operating rate from Jan 2022 to Jan 2023 t 5.Asian Metal Copyright19% YoY and down 34.Asian Metal Copyright1 Brown fused alumina 95%min 1-3mm FOB China By the end of January, the mainstream export prices of Chinese brown fused alumina 95%min 1-3mm stood at USD720-740t Ex-VAT FOB China, unchanged MoM.Asian Metal Copyright81% MoM.

China exported 3,793.04mt of white fused alumina to Japan, 5,953.Asian Metal Copyright61mt of white fused alumina to India, 2,951.Asian Metal Copyright28mt in the same period last year and 4,508.Asian Metal Copyright Chinese white fused alumina producers' inventory from Jan 2022 to Jan 2023 t Chinese white fused alumina producers' inventory by province from Jan 2022 to Jan 2023 t 2 In January 2023, the white fused alumina producers' inventory in Henan was 29,500t, down by 14.Asian Metal Copyright22mt in the previous month, down 36.Asian Metal Copyright Chinese white fused alumina producers' inventory from Jan 2022 to Jan 2023 t Chinese white fused alumina producers' inventory by province from Jan 2022 to Jan 2023 t 2 In January 2023, the white fused alumina producers' inventory in Henan was 29,500t, down by 14.Asian Metal Copyright29% YoY and down 15.Asian Metal Copyright61% MoM.Asian Metal Copyright86% MoM.Asian Metal Copyright4 White fused alumina 99%min F36 FOB China 10 8.Asian Metal Copyright The average price was USD1,680.36/mt, USD1,506.11/mt in the same period last year and USD1,438.01/mt in the previous month, up 11.Asian Metal Copyright45%, down by 5.Asian Metal Copyright55% YoY and up 16.Asian Metal Copyright67% MoM, up by 650.Asian Metal Copyright83% MoM.

China exported 3,604.41mt of white fused alumina to South Korea, 5,091.Asian Metal Copyright Due to the stable domestic prices, most exporters firmed their prices.Asian Metal Copyright91mt in the same period last year and 1,962.Asian Metal Copyright68% MoM in Jan 6 5.Asian Metal Copyright41mt in the previous month, down 29.Asian Metal Copyright58% MoM and up by 94.Asian Metal Copyright21% YoY and up 83.Asian Metal Copyright1 Brown fused alumina 95%min 1-3mm FOB China Considering the depreciating US dollars against Chinese Yuan and the stabilized domestic prices, the export prices would increase next month.Asian Metal Copyright67% MoM.Asian Metal Copyright2 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.Asian Metal Copyright The average price was USD1,782.68/mt, USD1,638.64/mt in the same period last year and USD1,654.69/mt in the previous month, up 8.Asian Metal Copyright1 Brown fused alumina 95%min 1-3mm FOB China By the end of January, the mainstream export prices of Chinese brown fused alumina 95%min 1-3mm stood at USD720-740t Ex-VAT FOB China, unchanged MoM.Asian Metal Copyright79% YoY and up 7.Asian Metal Copyright2.Asian Metal Copyright73% MoM.

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


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


7 Relevant Industry News

7.1 Calcined bauxite market
In late January, the mainstream prices of Chinese dead-burnt calcined bauxite by rotary kilns 85%min 1-3mm stood at RMB2,650-2,750/t (USD391-405/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 2022-12-01 to 2023-01-31(RMB/t)


7.2 Chinese alumina market
In late January, the mainstream prices of Chinese metallurgy grade alumina stood at RMB2,880/t-2,980/t (USD425-440/t) EXW D/P, up by RMB10/t (USD2/t) MoM. The increased alumina prices lead to lifted production cost of white fused alumina.

Price trend of alumina 98.5%min EXW China from 2022-12-01 to 2023-01-31 (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 alumina price keep stable, most producers would firm their prices next month.

8.1.4 White fused alumina 99%min F36 EXW China
As the alumina price keep steady, most producers would hold their prices firm next month.

8.2 Chinese Export Market

8.2.1 Brown fused alumina 95%min 1-3mm FOB China
Considering the depreciating US dollars against Chinese Yuan and the stabilized domestic prices, the export prices would increase next month.

8.2.2 Brown fused alumina 95%min F36 FOB China
Given the depreciating US dollars against Chinese Yuan and the flattened domestic prices, the export prices would rise next month.

8.2.3 White fused alumina 99%min 1-3mm FOB China
Considering the depreciating US dollars against Chinese Yuan and the rising domestic prices, the export prices would move up next month.

8.2.4 White fused alumina 99%min F36 FOB China
Considering the depreciating US dollars against Chinese Yuan and the rising domestic prices, the export prices would go up 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 the rising prices in Chinese export market, the prices in Europe would move up next month.

8.3.4 White fused alumina 99%min 1-3mm in Warehouse Rotterdam
Based on rising prices in Chinese export market, the prices in Europe would increase next month.



.Asian Metal Copyright29% MoM in Jan In January 2023, Chinese white fused alumina producers' inventory was 43,900t, down by 9Asian Metal Copyright