Aluminum market report April 2012

Contents
Contents 2
Abstract 1
1 Financial overview 1
1.1 Domestic finance 1
1.1.Asian Metal Copyright1.Asian Metal Copyright1 CPI declines to 3.4% in April in China 1
1.1.2 PMI continues to rise with declining growth rate in April 2
1.1.Asian Metal Copyright2 Aluminum hydroxide price going down 18 5.Asian Metal Copyright3 1.Asian Metal Copyright1 Alumina production up by 2.Asian Metal Copyright3%Industrial enterprise profits amounted to RMB1044.Asian Metal Copyright1.Asian Metal Copyright9 billion in Q1, down by 1.3% YOY 3
1.2 International finance and economy 4
1.2.1 Global manufacturing industry index for April 4
1.2.2 Global crude oil price fell with fluctuation 5
1.2.3 Us economy slowly recover with USD index slightly falling 6
1.2.4 Gold price slightly fluctuates in April 7
2 Company News 8
2.1 International company news 8
2.2 Chinese domestic company news 8
3 Chinese domestic market review 9
3.1 Aluminum ingot market 9
3.1.1 Aluminum ingot price rose in April 9
3.1.2 Supply tight in part market and stocks decreasing 10
3.2 Alumina market 10
3.2.1 The price of alumina hard to go up 10
3.2.2 Most participants watch the market 11
3.3 Aluminum alloy ingot 11
3.3.1 Low-hold price of recycled aluminum alloy ingot 11
3.3.2 Cautious purchasing in recycled aluminum alloy ingot market 12
3.3.3 Processing charge of A356 aluminum alloy under pressure 12
3.3.4 Decreasing purchasing in A356 aluminum alloy 13
4 International market review 13
4.1 LME aluminum price rebounds a bit after dropping 13
4.2 LME aluminum inventories decreased 14
4.3 Chinese export market weak 15
4.4 Australian origin alumina price decreased and trading volume increased. 15
4.5 The export price of aluminum fluoride going down 16
4.6 Rising bauxite price from Indonesia 16
5 Related industry development 17
5.1 Aluminum fluoride remains in a low price 17
5.2 Aluminum hydroxide price going down 18
5.3 Chinese aluminum scraps offer high-hold under tight supply 18
6 Production data analysis 18
6.1 Primary aluminum output 18
6.1.1 Chinese primary aluminum production changed little in April 18
6.1.2 Running capacity in Xinjiang province around 1 million tons per year in April 19
6.2 Aluminum alloy 19
6.2.1 Operating rate of Chinese recycled aluminum alloy plant less than 67% in April 19
6.2.2 Chinese motor sales and production up by around 17% in Mar MOM 20
6.3 Alumina 21
6.3.Asian Metal Copyright1 Primary aluminum output 18 6.Asian Metal Copyright1 Alumina production up by 2.8% in April MOM 21
6.4 Aluminum fluoride production down by 40.3% MOM in April 21
7 Import & Export data analysis 22
7.1Buaxite 22
7.1.Asian Metal Copyright4.Asian Metal Copyright1 Chinese bauxite import up by 49.67% YOY in March 22
7.1.2 Top ten bauxite importers in March 24
7.2 Alumina 24
7.2.Asian Metal Copyright1 Domestic finance 1 1.Asian Metal Copyright1 March alumina import up by 229.75% YOY 24
7.2.2 Top ten alumina importers in March 25
7.3 Aluminum alloy 25
7.3.1 Chinese aluminum alloy export down by 10% YOY in the first quarter of 2012 25
7.3.Asian Metal Copyright3.Asian Metal Copyright2 Chinese aluminum alloy export to Japan down by 16.7% in Mar MOM 27
7.3.3 Top ten aluminum alloy exporters in Mar 2012 27
7.4 Aluminum scrap 28
7.4.1 Chinese aluminum scraps import up by 2% in Mar MOM 28
7.4.2 Chinese aluminum scraps importers in Mar 2012 29
7.4 Aluminum fluoride 30
7.4.1 Aluminum fluoride export dropped by 44% in March 30
7.4.2 Major aluminum fluoride exporter in China in March 30
8 Market outlook 31
8.1 Aluminum ingot price climes up slowly 31
8.2 The alumina price stays firm 31
8.3 The aluminum fluoride price continues to be low 31

Picture 1 CPI and PPI in 2011-2012 2
Picture 2 PMI in 2011-2012 in China 3
Picture 3 US crude oil futures prices 6
Picture 4 USD index 7
Picture 5 International gold prices 8
Picture 6 Chinese aluminum ingot price movement in April 10
Picture 7 Chinese origin alumina price curve Jan-Apr 2012 11
Picture 8 China ADC 12 aluminum alloy price (RMB/t) 12
Picture 9 China A356 aluminum alloy price in February (RMB/t) 13
Picture 10 LME 3-month Aluminum settlement price trend in April (USD/t) 14
Picture 11 LME Aluminum inventories in April 14
Picture 12 Australian origin alumina price movement Jan-Apr (RMB/t) 15
Picture 13 Major Chinese alumina importers’ price in March (USD/t) 16
Picture 14 Chinese aluminum fluoride export price Jan-Mar (USD/t) 16
Picture 15 Chinese bauxite import price Jan-Mar (USD/t) 17
Picture 16 Chinese aluminum fluoride price movement Jan-Apr (RMB/t) 17
Picture 17 Chinese aluminum hydroxide price movement Jan-Apr (RMB/t) 18
Picture 18 Production and sales of automobile in China (Unit: 10,000) 20
Picture 19 China alumina output in April 21
Picture 20 Chinese aluminum fluoride production in April (Ton) 22
Picture 21 Chinese Bauxite Import in 2012 23
Picture 22 Chinese bauxite import different countries in March 23
Picture 23 Chinese alumina import in 2012 25
Picture 24 Chinese aluminum alloy monthly export 26
Picture 25 Chinese aluminum alloy export to Japan 27
Picture 26 Chinese aluminum scrap imort 29
Picture 27 Chinese aluminum fluoride export Jan-Mar (ton) 30

Table 1 Output of electrolytic in Chinese major producing area in April (Unit: 10,000t) 19
Table 2 Chinese bauxite importer in March, 2012 24
Table 3 Top ten China alumina import companies in March, 2012 25
Table 4 Top 10 aluminum alloy export companies in China in March 27
Table 5 Top ten Chinese aluminum scrap importers in March, 2012 29
Table 6 Major aluminum fluoride exporters in March 30

.Asian Metal Copyright1 Aluminum fluoride export dropped by 44% in March 30 7Asian Metal Copyright