Monthly Aluminum Market Report Mar 2024

1 Market Highlights 5
1.1 Chinese origin bauxite 5
1.2 Imported bauxite 5
1.3 Alumina 5
1.4 Aluminum fluoride 5
1.5 Primary aluminum 5
1.6 Secondary aluminum alloy ingot 5
1.7 Aluminum alloy ingot A356.2 5
1.8 Aluminum scrap 5
1.9 Aluminum bar 5
2 Policy and Economy 5
2.1 US imposes preliminary duties on aluminum extrusions from China, Indonesia, Mexico, Turkey 5
2.2 Ghana to process mined Bauxite for local industries 5
2.3 Henan expects nonferrous industry to peak carbon emissions by 2030 5
2.4 China to hold new round of breakthrough strategic action promotion meeting for mineral exploration 5
2.5 Indonesia issues production quotas of 15.88 million tons of bauxite 5
2.6 Bauxite mining rights auctioned in Madhya Pradesh, India 5
3 Market Movements 6
3.1 Chinese Market 6
3.1.1 Chinese origin bauxite price moves up 6
3.1.2 Chinese origin alumina price declines 6
3.1.3 Price of Australian alumina drops 6
3.1.4 Price of Chinese aluminum fluoride soars 6
3.1.5 Aluminum hydroxide price slides 6
3.1.Asian Metal Copyright53% MOM in late Mar 18 5.Asian Metal Copyright6 Aluminum ingot 99.7%min price increases 6
3.1.7 Chinese aluminum alloy ingot ADC12 market sees weak demand 7
3.1.Asian Metal Copyright33% MOM in late Mar 20 6 Consumers Statistics 20 6.Asian Metal Copyright8 Demand for Chinese aluminum alloy ingot A356.2 declines 7
3.1.9 Chinese cast aluminum scrap market still sees short supply 7
3.1.10 Chinese aluminum bar 6063 market sees overall weak demand 8
3.2 International Market 8
3.2.1 Price of Guinean bauxite moves down 8
3.2.2 Average export price of Australian alumina declines 9
3.2.3 Chinese aluminum fluoride export price soars 9
3.2.4 Price of imported cast aluminum alloy ingot increases 9
3.2.5 Chinese aluminum alloy ingot ADC12 export market sees few deals 9
3.2.6 Chinese market sees few deals for imported Zorba aluminum scrap 9
4 Company News 10
4.1 Huaqing Aluminum to reach full production 10
4.2 Kebo Energy starts bauxite project infrastructure construction 10
4.3 Century Metal Recycling increases secondary aluminum alloys production 10
4.4 Jinyang Advanced Material increases aluminum fluoride production 10
4.5 Dynamic Mining to export the first vessel of bauxite 10
4.6 Malaysia HIS resumes bauxite production 10
4.7 Rocksure International to receive a bauxite mining license 10
4.8 CBG resumes normal bauxite production 10
4.9 Jinhe Technology restarts aluminum fluoride production 10
4.10 Xinfa Chemical restarts the second alumina production line 10
4.11 Xinyue New Material to increase aluminum bar production 11
4.12 Hongcheng Aluminum maintains secondary aluminum alloy production equipment 11
4.13 Mingdi Group completes maintenance on aluminum bar production lines 11
4.14 Aostar Aluminum to halt primary aluminum production for technical upgrading 11
4.15 Yuanda Aluminium to complete construction of new aluminum bar production lines 11
4.16 Xiongchuang Aluminum Alloy increases secondary aluminum alloy ingot production 11
4.17 Lianchuang Aluminum resumes secondary aluminum alloy ingot production 11
4.18 Wanji Aluminum reaches full-capacity aluminum bar production 11
4.19 Zhenghe Aluminum suspends aluminum bar production 11
4.20 Xinshuntai Aluminum reaches full capacity production of aluminum bar 12
5 Producers Statistics 12
5.1 Chinese alumina producers' operating rate up by 4.37% MOM in Mar 12
5.2 China's alumina output up by 4.36% MOM in Mar 12
5.3 Chinese aluminum fluoride producers' operating rate up by 39.99% MOM in Mar 13
5.4 China's aluminum fluoride output up by 50% MOM in Mar 13
5.5 China's aluminum fluoride inventory up by 45.71% MOM in late Mar 14
5.6 Chinese bauxite producers' operating rate down by 17.40% YOY in Mar 14
5.7 Chinese bauxite producers' output down by 22.53% YOY in Mar 15
5.8 Guinean bauxite producers' operating rate up by 7.34% MOM in Mar 15
5.9 Guinean bauxite producers' output up by 7.34% MOM in Mar 15
5.10 Chinese primary aluminum producers' operating rate records 84.27% in late Mar 16
5.11 China's primary aluminum output up by 2.85% MOM in Mar 16
5.12 China's primary aluminum inventory down by 49.2% MOM in late Mar 17
5.13 Chinese secondary aluminum alloy producers' operating rate records 44.77% in Mar 17
5.14 China's secondary aluminum alloy output up by about 103.12% MOM in Mar 18
5.15 China's secondary aluminum alloy inventory up by 8.53% MOM in late Mar 18
5.16 Chinese aluminum bar producers' operating rate records 52.83% in Mar 19
5.17 China's aluminum bar output up by 26.2% MOM in Mar 19
5.18 China's aluminum bar inventory down by 25.33% MOM in late Mar 20
6 Consumers Statistics 20
6.1 China's consumption of imported bauxite up by 12.61% YOY in Mar 20
6.2 China's inventory of imported bauxite up by 3.18% MOM in late Mar 21
6.3 China's consumption of domestic bauxite down by 20.68% YOY in Mar 21
6.4 China's inventory of domestic bauxite down by 24.32% YOY in late Mar 22
7. Customs Statistics 22
7.1 China's bauxite import volume down by 14.58% MOM in Feb 22
7.2 China's alumina imports down by 16.82% MOM in Feb 23
7.3 China's anhydrous aluminum fluoride export volume up by 48.03% MOM in Feb 23
7.4 China's unwrought aluminum(Al＜99.Asian Metal Copyright9 Aluminum bar 5 2 Policy and Economy 5 2.Asian Metal Copyright95%) import volume rose 191.07% YoY in Feb 2024 24
7.5 China's unwrought aluminum alloy import volume declined 15.37% MoM in Feb 2024 25
7.6 China's aluminum scrap import volume decreased 30.96% MoM in Feb 2024 26
8 Relevant Industry News 27
8.1 Fluorspar price soars 27
8.2 Liquid caustic soda price rises 27
9 Market Outlook for Next Month 27
9.1 Chinese market 27
9.1.1 Bauxite Al/Si=5.0 delivered China 27
9.1.Asian Metal Copyright1 China's bauxite import volume down by 14.Asian Metal Copyright2 Alumina 98.5%min EXW China 27
9.1.Asian Metal Copyright1 Chinese origin bauxite price moves up 6 3.Asian Metal Copyright3 Australian alumina 98.5%min delivered at Chinese ports 27
9.1.4 Aluminum fluoride 61%min EXW China 27
9.1.Asian Metal Copyright2.Asian Metal Copyright5 Aluminum hydroxide 64.5%min EXW China 27
9.1.6 Fluorspar dry powder 97%min delivered China 27
9.1.7 Liquid caustic soda 32%min delivered China 27
9.1.Asian Metal Copyright18% MOM in late Mar 21 6.Asian Metal Copyright8 Aluminum ingot 99.7%min 27
9.1.9 Cast aluminum alloy ingot ADC12 EXW China 27
9.1.10 Aluminum bar 6063 φ120mm EXW in warehouse 27
9.1.11 Aluminum scrap aluminum foundry scrap Al 91%min delivered China 28
9.2 International Market 28
9.2.1 Guinean bauxite Al2O3 45%min SiO2 3%max CIF China 28
9.2.Asian Metal Copyright2 declines 7 3.Asian Metal Copyright2 Alumina 98.5%min FOB Australia 28
9.2.3 Aluminum fluoride 61%min FOB China 28
9.2.4 Cast aluminum alloy ingot ADC12 CIF China 28
9.2.5 Cast aluminum alloy ingot ADC12 FOB China 28
9.2.6 Zorba aluminum scrap 98-1 CIF China 28

.Asian Metal Copyright32% YOY in late Mar 22 7Asian Metal Copyright