China’s alumina imports are expected to fall in February, due largely to falling post-holiday demand and production cuts by aluminum smelters, Shanghai Metals Market foresees.
China’s alumina imports are expected to fall in February, due largely to falling post-holiday demand and production cuts by aluminum smelters, Shanghai Metals Market foresees.
Chinese aluminum producers have turned less enthusiastic in building up stocks after the Chinese New Year holiday in early February, cutting demand for the raw material. Besides, supply in domestic alumina market is turning sufficient as falling aluminum prices have resulted in more production cuts at aluminum producers, according to SMM’s research team.
Inbound shipments of the raw material were 642,000 tonnes in January, up 31.54% YoY due to pre-holiday restocking demand, with average CIF price at $354.02 per tonne. Details are shown below.
|
Origin |
Import Volume (tonnes) | Average CIF Price ($/tonne) |
Proportion to Total Imports |
| Australia | 547,400 | 346.32 | 85.26% |
| India | 60,500 | 349.57 | 9.42% |
| Vietnam | 31,400 | 325.51 | 4.89% |
The major Chinese importers of alumina in January include China Aluminum International Trading Co., Minmetals Aluminum Co., Yugang Longquan Aluminum Co., Inner Mongolia Huomei Hongjun Aluminum Slab Co., Qinghai Qiaotou Aluminum & Power Co. and Qingtongxia Aluminum Co.
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