Domestic and Foreign Market Situation of Alumina in November

At the end of November, the port inventories of alumina in China held steady at 470000-480000 tons. There was an obvious increase in the volume of import alumina in Chinese ports, but the downstream consumers made purchases actively, so the import alumina inventories were not hoarded.

Foreign alumina prices continued to rise in November, which increased by $31 / ton, with 10.65% growth. As of the end of November, the FOB prices of Australian alumina increased to $321 - $323 / ton, and the CIF price rises around $335 - $339 / ton. At the same time, the port alumina prices rose to 2850-2900 Yuan/ton. Domestic alumina prices rose sharply; The domestic and overseas demands both increased; The global aluminum prices remained higher, which are the main factors to push up foreign alumina prices.

From the supply and demand of alumina industry, it is expected that alumina industry may be in short supply about 1.3 million tons in 2016 and there will be an excess of alumina about 40000 tons in 2017. It is still in tight balance between supply and demand condition.

In addition, the alumina cost is rising. Bauxite, coal and liquid alkali are the main raw materials and energy of alumina. Liquid alkali and coal prices have risen about 95% and 84% respectively since the beginning of this year.