Monthly Aluminum Market Report Feb 2024

1 Market Highlights 4
1.1 Chinese origin bauxite 4
1.2 Imported bauxite 4
1.3 Alumina 4
1.4 Aluminum fluoride 4
1.5 Primary aluminum 4
1.6 Secondary aluminum alloy ingot 4
1.7 Aluminum alloy ingot A356.2 4
1.8 Aluminum scrap 4
1.9 Aluminum bar 4
2 Policy and Economy 4
2.1 Heavy snowfall in Shanxi and Henan hinders transportation of bauxite 4
2.2 IAI: Global alumina production grows in Dec 2023 m-o-m 4
2.3 Guinea's trade union declares general strike 4
2.4 Indonesia mining ministry working to approve more nickel, tin quotas 4
2.5 Henan adds 16 medium to large deposits in 2023 4
3 Market Movements 4
3.1 Chinese Market 4
3.1.1 Chinese origin bauxite market sees few deals 4
3.1.2 Chinese origin alumina price rises 5
3.1.3 Price of Australian alumina falls 5
3.1.4 Average price of Chinese aluminum fluoride declines 5
3.1.5 Aluminum hydroxide price moves up 5
3.1.Asian Metal Copyright57% MOM in late 19 6.Asian Metal Copyright6 Aluminum ingot 99.7%min market sees scarce deals 5
3.1.7 Chinese aluminum alloy ingot ADC12 market sees few deals 6
3.1.Asian Metal Copyright2.Asian Metal Copyright8 Chinese aluminum alloy ingot A356.2 market sees weak demand 6
3.1.9 Chinese cast aluminum scrap market sees short supply 6
3.1.10 Chinese aluminum bar 6063 producers see serious inventory backlog 7
3.2 International Market 7
3.2.1 Price of Guinean bauxite moves up 7
3.2.2 Export price of Australian alumina declines 7
3.2.4 Chinese aluminum fluoride export price moves down 7
3.2.5 Price of imported cast aluminum alloy ingot soars 8
3.2.6 Chinese aluminum alloy ingot ADC12 export market sees few deals 8
3.2.7 Chinese market sees few deals for imported Zorba aluminum scrap 8
4 Company News 8
4.1 Ghana selects Mytilineos as strategic partner for alumina refinery and bauxite mine 8
4.2 CBG to finish bauxite equipment maintenance 8
4.3 Jinhe Technology to suspend aluminum fluoride production 8
4.4 Bosnia's Alumina in 2024 bauxite supply deal with Lein 9
4.5 Dynamic Mining to finish bauxite port construction 9
4.6 Hetai Technology shuts down production of aluminum fluoride 9
4.7 Yidian Holdings to start building a primary aluminum project in Inner Mongolia 9
4.8 Galuminium suspends alumina production 9
4.9 EGA plans to build alumina refinery in Guinea 9
4.10 Seng Hiap Metal restarts bauxite production 9
4.11 Hongbang New Materials to launch aluminum alloy production 9
4.12 Haiguang Metal to halt secondary aluminum alloy ingot production 9
4.13 Xiongchuang Aluminum Alloy to suspend production for Spring Festival holiday 9
4.14 Xinjiang East Hope cuts aluminum bar production 9
4.15 Mingdi Group suspends aluminum bar production 9
4.16 Baiyinhua Coal & Electricity reaches full production of primary aluminum 10
4.17 Suzhou Yadelin to reduce secondary aluminum alloy output 10
4.18 Cangsong Metal maintains secondary aluminum alloy production equipment 10
4.19 Hebao Metal to increase aluminum bar production 10
4.20 Shuofeng Aluminum to increase aluminum bar production 10
5 Producers Statistics 10
5.1 Chinese alumina producers' operating rate up by 3% YOY in Feb 10
5.2 China's alumina output up by 3.60% YOY in Feb 10
5.3 Chinese aluminum fluoride producers' operating rate down by 36.95% MOM in Feb 11
5.4 China's aluminum fluoride output down by 29.31% YOY in Feb 11
5.5 China's aluminum fluoride inventory down by 72% MOM in late Feb 12
5.6 Chinese bauxite producers' operating rate down by 13.07% YOY in Feb 12
5.7 Chinese bauxite producers' output down by 19.61% YOY in Feb 13
5.8 Guinean bauxite producers' operating rate up by 12.73% MOM in Feb 13
5.9 Guinean bauxite producers' output up by 12.73% MOM in Feb 14
5.10 Chinese primary aluminum producers' operating rate records 82.08% in late Feb 14
5.11 China's primary aluminum output down by 2.48% MOM in Feb 14
5.12 China's primary aluminum inventory up by 1.75% MOM in late Feb 15
5.13 Chinese secondary aluminum alloy producers' operating rate records 22.26% in Feb 15
5.14 China's secondary aluminum alloy output down by about 48.28% MOM in Feb 16
5.15 China's secondary aluminum alloy inventory down by 18.56% MOM in late Feb 16
5.16 Chinese aluminum bar producers' operating rate records 41.6% in Feb 17
5.17 China's aluminum bar output down by 16.3% MOM in Feb 17
5.18 China's aluminum bar inventory up by 95.45% MOM in late Feb 18
6 Consumers Statistics 18
6.1 China's consumption of imported bauxite up by 16.29% YOY in Feb 18
6.2 China's inventory of imported bauxite down by 2.57% MOM in late 19
6.3 China's consumption of domestic bauxite down by 14.72% YOY in Feb 19
6.4 China's inventory of domestic bauxite down by 29.93% YOY in late Feb 20
7. Customs Statistics 20
8 Relevant Industry News 20
8.1 Fluorspar price declines 20
8.2 Liquid caustic soda price keeps stable 21
9 Market Outlook for Next Month 21
9.1 Chinese market 21
9.1.1 Bauxite Al/Si=5.0 delivered China 21
9.1.Asian Metal Copyright17 Suzhou Yadelin to reduce secondary aluminum alloy output 10 4.Asian Metal Copyright2 Alumina 98.5%min EXW China 21
9.1.Asian Metal Copyright48% MOM in Feb 14 5.Asian Metal Copyright3 Australian alumina 98.5%min delivered at Chinese ports 21
9.1.4 Aluminum fluoride 61%min EXW China 21
9.1.Asian Metal Copyright1.Asian Metal Copyright5 Aluminum hydroxide 64.5%min EXW China 21
9.1.6 Fluorspar dry powder 97%min delivered China 21
9.1.7 Liquid caustic soda 32%min delivered China 21
9.1.Asian Metal Copyright1 Fluorspar price declines 20 8.Asian Metal Copyright8 Aluminum ingot 99.7%min 21
9.1.9 Cast aluminum alloy ingot ADC12 EXW China 21
9.1.10 Aluminum bar 6063 φ120mm EXW in warehouse 21
9.1.11 Aluminum scrap aluminum foundry scrap Al 91%min delivered China 21
9.2 International Market 21
9.2.1 Guinean bauxite Al2O3 45%min SiO2 3%max CIF China 21
9.2.Asian Metal Copyright1.Asian Metal Copyright2 Alumina 98.5%min FOB Australia 21
9.2.3 Aluminum fluoride 61%min FOB China 21
9.2.4 Cast aluminum alloy ingot ADC12 CIF China 21
9.2.5 Cast aluminum alloy ingot ADC12 FOB China 21
9.2.6 Zorba aluminum scrap 98-1 CIF China 22


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