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Culture Documents
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China Nonferrous Metals Industry Association
Published by:
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Highlight
Market Commentary
ZENG Zheng
News
Fax: +86-10-63971647
Shandong Weiqiao: first bauxite cargo from Guinea arrive at Binzhou port.18
Email: cmm@antaike.com
Address: 2nd floor, 12B Fuxing Road, Haidian District,
alumina...19
Aluminum
Disclaimer:
Whilst every effort has been made to prepare this report,
Beijing Antaike Information Development Co., Ltd.
Statistics
The contents of this report are for the sole use of the
(www.antaike.com)
(cmm@antaike.com)
Highlight
Aluminum smelters hang together in slashing output
-----China Nonferrous Metals Industry Association (CNIA)
Organized by China Nonferrous Metals Industry Association (CNIA), Chinese 14 key aluminum
companies including China Hongqiao Group (Shandong Weiqiao), Aluminum Corporation of China
(Chinalco) on December 10, 2015 had a meeting in Kunming city, discussing and studying solutions to
the severe market situation. The combined capacity of the 14 key aluminum companies accounts for 75%
of Chinese total aluminum smelting capacity.
Since the start of 2015, more and more domestic aluminum companies have implemented flexible
production plan. So far, about 4.41 million tpy aluminum smelting capacity have been closed. The 14 key
aluminum companies have promised that they will not restart up the idled capacity in future. Furthermore,
the companies will further reduce production.
According to preliminary statistics, at least 500 ktpy aluminum capacity will be shut down at the end of
December 2015, so the idled capacity will be 4.91 million tpy and the idled alumina capacity will exceed
7.00 million tpy in 2015.
Moreover, the 14 key aluminum companies have promised that they will not put newly-added aluminum
smelting capacity into production in the coming 12 months.
The production cut of domestic aluminum smelters has significantly eased surplus on domestic primary
aluminum market. The domestic aluminum stocks have dropped to about 800 ktpy at present, down from
about 1.00 million tonnes in October 2015.
The 14 key aluminum companies also reached consensus on other important issues at the meeting.
China Hongqiao Group reduces aluminum output
China Hongqiao Group (Shandong Weiqiao), Aluminum Corporation of China (Chinalco) and other
twelve large-sized aluminum companies on December 10, 2015 had a meeting in Kunming city of
Yunnan province, discussing and studying solutions to the severe market situation.
At the meeting, China Hongqiao Group announced that it will close 250 ktpy aluminum smelting
capacity in an attempt to ease the surplus and help aluminum price stabilize.
East Hope Baotou Aluminum reduces output
Inner Mongolia Vice Governor recently paid a visit to East Hope Baotou Aluminum Co., Ltd. to inspect
operation of the aluminum smelter.
East Hope Baotou Aluminum has reduced production by conducting maintenance at facilities in advance, but
(www.antaike.com)
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Company
50
297
Gansu
235
Gansu
182
Gansu
Guangxi
40
Guizhou
75
Guizhou
67
Henan
Henan
400
140
60
Henan
27
Henan
70
Henan
240
Henan
Hubei
40
Hunan
150
Inner Mongolia
100
50
Inner Mongolia
173
Ningxia
150
Ningxia
270
Qinghai
65
Qinghai
250
Qinghai
40
Qinghai
100
Qinghai
Qinghai
Shandong
20
Shandong
60
(www.antaike.com)
20
100
(cmm@antaike.com)
Sichuan
Sichuan
Sichuan
Sichuan
Shanxi
Shanxi
Xinjiang
250
50
170
67
62.5
50
30
95
Yunnan
230
Yunnan
250
Chongqing
100
Chongqing
30
Chongqing
50
China's total
4905.5
Market Commentary
Domestic aluminum price to extend rally, but gain seen limited
SHFE 3-months aluminum futures contract price rebound in December due to production cut of domestic
aluminum smelters. The price is likely to continue rally but the gain will be limited next month. The
market needs SRBs stockpile and production cut to gather steam to rebound.
Candlestick Chart of SHFE 3-Months Aluminum Futures Contract Price, Trade Volume, Open
Interest (yuan/t, tax included; 10k lots)
Source: SHFE
(www.antaike.com)
(cmm@antaike.com)
2,200
14,500
2,100
2,000
13,000
1,900
13,500
12,500
1,800
12,000
11,500
1,700
11,000
1,600
USD/t
14,000
10,500
1,500
10,000
9,500
1,400
SHFE 3-Months Al
LME 3-Months Al
Premium of Guangdong Nanhai, Shanghai Changjiang Spot Aluminum Price and SHFE
Spot-Month VS SHFE 3-Months Aluminum Futures Contract Price (yuan/t, tax included)
500
11000
400
10800
300
10600
200
10400
100
10200
10000
-100
-200
9800
Nanhai
Changjiang
SHFE spot-month
SHFE 3-months
9600
(www.antaike.com)
(cmm@antaike.com)
6.45
8.5
6.4
6.35
7.5
6.3
6.25
6.5
6.2
6.15
5.5
6.1
Price Ratio
Import
Export
Exchange Rate
6,000,000
400,000
5,500,000
5,000,000
350,000
4,500,000
300,000
4,000,000
250,000
3,500,000
200,000
3,000,000
150,000
2,500,000
SHFE
LME
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Aluminum
Alumina
Semis
Note: The output of Jan. and Feb. 2014 and 2015 on the chart is equal to the output: Jan-Feb./(31+28)*31 and Jan-Feb./(31+28)*28, respectively.
Source: CNIA
Annualized Rate of Chinese Primary Aluminum Output and Y-o-Y Growth Rate
35
45
40
30
35
30
25
20
25
15
10
5
0
20
Aluminum Output
Growth Rate
Source: CNIA
12,000
20,000
10,000
16,000
8,000
12,000
6,000
8,000
4,000
4,000
Henan
Inner Mongolia
(www.antaike.com)
Shandong
Xinjiang
(cmm@antaike.com)
4,000
7,000
6,000
3,000
5,000
4,000
2,000
3,000
2,000
1,000
Guizhou
Gansu
Yunnan
Qinghai
Ningxia
3,000
2,000
1,000
Shaanxi
Sichuan
Guangxi
Shanxi
Hunan
3,000
2,000
500
1,000
Zhejiang
Jiangsu
Fujian
(www.antaike.com)
Liaoning
Chongqing
(cmm@antaike.com)
Hubei
35
55
25
20
50
15
30
10
45
5
0
40
-5
Alumina Output
Growth Rate
40,000
30,000
50,000
20,000
40,000
10,000
30,000
Shanxi
Henan
Guangxi
Chongqing
Guizhou
Yunnan
Shandong
60
35
55
30
25
50
20
45
Annualized Rate of Chinese Aluminum Semis Output and Y-o-Y Growth Rate
15
40
10
35
30
Semis Output
Growth Rate
Source: CNIA
(www.antaike.com)
(cmm@antaike.com)
Imported
ATKASI
Daily Spot Price of Non-Chalco Alumina Producers and ATKASI (yuan/t, tax included)
2900
2700
2500
2300
2100
1900
1700
1500
Henan
Shandong
Shanxi
Southwest
Source: Antaike
10
(www.antaike.com)
(cmm@antaike.com)
ATKASI
70
8,000,000
6,000,000
60
5,000,000
4,000,000
50
3,000,000
USD/t CIF
metric ton
7,000,000
2,000,000
1,000,000
0
40
Import
Price
Imported bauxite price from Guinea significantly lower than other African countries
The bauxite import from Guinea totaled 160,631 tonnes in November 2015 and the price was
USD57.26/tonne (CIF to Chinese port, excluding tax). The imported bauxite price from Guinea is higher
than that from Malaysia and Australia, but lower than that from India, Brazil and Ghana.
Bauxite Import and Price by Country in November 2015 (CIF to Chinese Port)
(Unit: tonne, USD/t)
(tonne, USD/t)
India
Import in
Sep 15
Import in
Oct 15
Import in
Nov15
Import in
Jan-Nov 15
%Change
Jan-Nov 15/ 14
Price
Nov 15
Price
Oct15
Price
Nov 14
622,300
553,529
1,116,392
6,815,299
50.54
58.74
59.82
61.44
3,715,680
2,173,679
2,540,388
20,540,758
139.13
45.70
45.12
51.32
24
-100.00
7,744
5,910
4,709
25,759
3029.84
20.47
20.44
20.41
Ghana
59,636
62,289
92,599
696,915
8538.58
82.53
89.87
60.02
Guinea
160,631
220,566
-70.45
57.26
Madagascar
-100.00
5425.70
South Africa
0.01
Montenegro
65,062
115,338
69.09
Brazil
179,462
55,727
316,076
1,235,345
95.05
71.73
71.04
Dominica.
139,606
289,504
1,143,950
-28.32
57.05
65.60
Guyana
63
46
37,693
17.41
624.08
623.83
Jamaica
0.01
2,089,753
1,335,371
1,121,021
17,546,369
Fiji
Solomon Islands
Malaysia
Turkey
Vietnam
Australia
(www.antaike.com)
949.06
27.31
51.90
53.50
60.60
172,336
-54.11
51.66
230,180
20515039.22
(cmm@antaike.com)
11
Quantity in
% Change
Value in
Value in
% Change
Nov 15
Jan-Nov 15
Jan-Nov 15/14
Nov 15
Jan-Nov 15
Jan-Nov 15/14
(tonne, USD/t)
Australia
231,167
2,493,036
-9.44
68,940,390
849,175,257
-10.66
India
30,368
625,854
40.26
10,018,351
217,134,614
36.27
Vietnam
26,919
432,596
2.30
6,865,593
149,483,362
2.60
Brazil
63,204
311,777
-42.23
20,677,928
107,732,363
-41.82
82,019
-23.58
27,716,192
-16.54
30,971
72,939
-10.92
10,042,387
33,625,568
-22.40
51,503
58.28
19,012,607
74.97
Japan
1,315
14,146
52.46
2,367,523
26,018,008
-3.40
Germany
1,235
11,902
114.39
3,787,121
30,544,915
29.06
France
468
10,684
-9.31
407,690
9,986,076
-45.70
Indonesia
140
1,690
102,225
1,060,514
Korea
66
802
-23.08
107,376
1,312,381
-68.24
Taiwan
26
324
51.55
26,948
307,192
-35.41
Canada
274
-7.73
9,200
414,092
-34.47
Jamaica
USA
Surinam
Major Origins of Imported Primary Aluminum in November 2015 (Unit: tonne, USD)
Quantity in
Quantity in
% Change
Value in
Value in
% Change
Nov 15
Jan-Nov 15
Jan-Nov 15/14
Nov 15
Jan-Nov 15
Jan-Nov 15/14
(tonne, USD/t)
Iran
6,229
56,406
507.74
10,002,527
95,007,759
442.01
Australia
1,329
22,455
-70.21
2,488,138
46,222,431
-69.92
New Zealand
2,534
19,908
4,596,145
44,316,993
Oman
16,489
-43.17
34,676,376
-41.18
Russia
41
9,464
-85.91
67,703
19,688,949
-85.03
776
9,390
-57.72
1,542,734
18,078,594
-58.74
7,239
-56.12
12,987,848
-58.97
India
Saudi Arabia
300
600
250
500
200
400
150
300
100
200
50
100
12
(www.antaike.com)
(cmm@antaike.com)
25,000
20,000
60,000
15,000
40,000
10,000
20,000
5,000
Export
520,000
480,000
440,000
400,000
360,000
320,000
280,000
240,000
200,000
160,000
120,000
60,000
50,000
10,000
40,000
8,000
30,000
6,000
20,000
4,000
10,000
2,000
0
Export
Import
Import
6,000
180,000
5,000
45,000
40,000
35,000
4,000
140,000
3,000
30,000
25,000
20,000
Export
100,000
2,000
60,000
1,000
Import
Export
Import
60
1400
55
1200
50
1000
45
800
40
600
35
400
30
200
25
20
M1 (trillion yuan)
(www.antaike.com)
(cmm@antaike.com)
13
Source: China Foreign Exchange Trade System & Nation Interbank Funding Center
Consumption
Real estate industry
The domestic real estate industry completed investment of 8.7702 trillion yuan with a year on year rise of
1.3% in January-November 2015 and the growth rate was 0.7 percentage points lower than that for the
first ten months of 2015 according to figures provided by the National Bureau of Statistics (NBS).
Investment Growth in Housing Projects (Unit: %)
25.0
20.0
15.0
10.0
14.7 14.1
13.7 13.2
12.5 12.4 11.9
5.0
10.5 10.4
8.5
6.0
5.1
0.0
14
(www.antaike.com)
(cmm@antaike.com)
4.6
4.3
3.5
2.6
2.0
1.3
10
-10
-20
-30
under construction
starting
completed
sales
In January-November 2015, the land space purchased by real estate enterprises stood at 198.94 million
square meters, down 33.1% year on year, versus to a decline of 33.8% for the first ten months of 2015.
The cost on purchasing land was 640.9 billion yuan, down 26.0% year on year, versus to a decline of
25.2% for the first ten months of 2015.
The national housing development climate index was 93.35 in November 2015, 0.01 percentage points
higher than that in October of 2015.
Chart: Chinas PMI and the National Housing Development Climate Index
98
52.00%
97
96
51.00%
95
94
50.00%
93
92
49.00%
PMI
(www.antaike.com)
(cmm@antaike.com)
15
3
2.5
2
1.5
1.5
1
Auto Output
Motorcycle Output
Auto Sales
Motorcycle Sales
Nov15
% Change Nov
% Change Nov
% Change Jan-Nov
15/Oct 15
15/Nov 14
15/Jan-Nov 14
1.8
Jan-Nov 15
Total Output
2,544.2
21,823.9
16.2
17.7
Passenger car
2,230.2
18,735.2
17.4
21.6
4.2
Sedan Car
1,193.2
10,405.1
15.6
10.2
-8.2
MPV
220.1
1,876.5
14.8
2.0
7.0
SUV
723.3
5,460.6
20.1
63.6
48.2
93.5
993.1
27.6
-0.4
-18.2
314.0
3,088.7
8.6
-3.7
-10.5
Coach
59.8
523.1
26.9
3.8
-3.1
Truck
254.2
2,565.6
5.1
-5.3
-11.9
% Change Nov
% Change Jan-Nov
Oct 15
15/Nov 14
15/Jan-Nov 14
12.9
20.0
3.3
18,681.3
13.4
23.7
5.9
1,170.6
10,420.3
11.0
9.1
-6.3
MPV
218.4
1,834.1
13.2
8.8
7.9
SUV
716.2
5,422.4
15.1
72.1
51.1
91.6
1,004.5
35.5
7.0
-19.0
312.0
3,105.4
9.6
-1.1
-9.7
Nov 15
Jan-Nov 15
Total Sales
2,508.8
21,786.6
Passenger car
2,196.8
Sedan Car
16
(www.antaike.com)
(cmm@antaike.com)
56.9
521.0
18.4
1.3
-3.2
Truck
255.1
2,584.3
7.8
-1.7
-10.9
Source: CAAM
Outlook
SHFE 3-months aluminum will be traded in a range of 10,500-11,300 yuan/t and the LME
3-months contract will move in USD1,450-1,600/t in January, Antaike forecasts.
Output of Major Industrial Products in China in November 2015
Unit:
Output
Products
November 15
Output
% Change
% Change
January-November 15
November 15/14
January-November 15/14
17.66
196.588
-0.5
117.534
1252.265
-7.5
-8.6
10.137
110.369
8.5
9.6
3.134
33.236
27.3
21.8
14.991
164.361
-2.8
1.6
36.661
412.317
-7.8
-5.5
204.944
2147.092
-6.6
-5.1
60.694
693.383
-3.4
-7.9
53.672
638.464
-0.8
-3.1
63.315
738.378
-1.6
-2.2
93.961
1028.123
4.44
47.046
1.4
7.5
61988.7
582554.2
-15.9
-12.4
32861
323146
14.9
6.6
2.551
22.237
16
1.4
11.174
113.254
-7.9
-12.6
24.594
258.129
-6.3
-5.1
6.374
65.907
-6.9
1.5
6.608
83.933
-2.5
-1.4
1.786
19.543
1.5
10.722
144.167
-6
-0.4
190.489
1611.975
13.1
2.9
33.87
326.48
-24.7
-11.6
29.419
284.776
-23.5
-12.7
10.19
99.66
10.2
8.1
15.648
145.979
13.7
6.4
466.04
5125.67
0.1
0.1
353.18
3823.16
-1.5
-2.4
77.62
925.86
3.6
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(cmm@antaike.com)
17
2012
22,300
+400
22,700
22,050
+650
2013
24,900
+260
25,160
24,850
+310
2014
28,200
+170
28,370
28,050
+320
2015 (f)
31,020
+130
31,150
30,600
+550
Jan 15
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov 15
4,810
4,350
4,850
4,770
4,850
4,790
5,010
5,030
4,810
5,130
4,850
390
330
220
310
310
220
540
350
310
560
450
5,200
4,680
5,070
5,090
5,160
5,010
5,550
5,390
5,120
5,690
5,300
2,530
2,370
2,590
2,560
2,620
2,630
2,680
2,660
2,590
2,640
2,550
4,880
4,570
5,000
4,950
5,060
5,070
5,160
5,140
5,000
5,100
4,910
167
167
167
167
167
167
167
167
167
167
167
5,050
4,740
5,170
5,120
5,230
5,240
5,330
5,300
5,160
5,260
5,080
150
-60
-100
-30
-70
-220
220
90
-40
420
220
News
Industrial Policy, Foreign Investment & Trade
Shandong Weiqiao: first
bauxite cargo from
Guinea arrive at Binzhou
port
18
(www.antaike.com)
(cmm@antaike.com)
Chinalco Chairman Ge
Honglin visits Australia
and Indonesia to
strengthen cooperation
on development of
bauxite resource
Officials of Japanese
Yaskawa Electric visit
Chalco Shanxi Xinghua
Science & Technology
Co., Ltd.
(www.antaike.com)
(cmm@antaike.com)
19
Chalco Shanxi Xinghua Science & Technology Co., Ltd. (at Jiaokou
county of Shanxi province) said it has successfully produced
eucrystalline low-sodium sandy alumina, which is widely used in fine
ceramics, high temperature refractory, electrical porcelain device,
automotive spark plugs and the high alumina porcelain, wear-resisting,
electronic substrate, etc.
The company put its first aluminum hydroxide project with a capacity
of 350ktpy into production in early 2015. The next step is to build the
second 350ktpy aluminum hydroxide project and other associated
production lines of high-quality chemical-grade alumina and other
new-type aluminum-base materials with high-added value. The
investments total 1.34 billion yuan.
The company has outlined a long-term development plan: to invest
16.6 billion yuan (including that in the aluminum hydroxide project) in
the next five years and grown into one of global leading producers of
new-type aluminum-base materials with a capacity of 2.30 million tpy
including five big groups and 30 kinds products.
Aluminum
China eliminates backward
capacities
20
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(cmm@antaike.com)
Aluminum industrial
structure adjustment and
upgrading project to be
launched in Baotou
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(cmm@antaike.com)
21
Approved by the State Council, China will reduce on-grid power tariff
for coal-fired power stations as of January 1, 2016. The reduction in the
price varies with province/regions and the average level is about 0.03
yuan/kWh in the nation.
The on-grid power tariff has been in line with coal price movement in
China since 2012. According to the policy of on-grid power tariff linking
with coal price, the on-grid power tariff should be adjusted if coal price
rises or declines by 5% or above.
The Qinhuangdao Thermal Coal Price Index was 520 yuan/t at the
start of 2015 and dropped to 372 yuan/t at the end of 2015.
22
(www.antaike.com)
(cmm@antaike.com)
China strengthens
management on
enterprises captive
coal-fired power stations
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23
Statistics
Chinese Primary Aluminum Output by Region in November 2015 (Unit: tonne)
Region
October 15
November 14
2,683,182
29,099,889
10.45
2,674,883
2,128,096
776
11,431
-21.64
912
1,035
52,301
608,558
-20.61
53,156
62,145
208,441
2,382,893
11.27
219,554
214,209
48,740
425,559
89.39
44,976
18,657
9,849
126,525
-3.03
10,921
11,715
Shandong
695,682
7,391,677
9.16
671,268
225,991
Henan
274,081
2,937,529
-5.16
275,514
284,465
Chinese total
Hebei
Shanxi
Inner Mongolia
Liaoning
Fujian
24
November 15
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November 15
October 15
November 14
Hubei
7,051
96,941
-46.42
8,720
17,023
Hunan
25,616
304,946
0.25
25,391
25,803
Guangxi
49,458
525,532
12.24
49,770
49,260
Chongqing
42,496
567,727
-0.81
43,193
53,439
Sichuan
24,122
330,319
-13.21
28,552
38,513
Guizhou
77,060
790,335
37.55
78,215
61,207
Yunnan
100,619
1,105,168
19.10
110,531
87,257
Shaanxi
51,786
584,130
-5.29
50,436
51,822
Gansu
153,287
2,165,791
11.55
184,538
187,565
Qinghai
175,208
2,013,803
-6.09
170,661
199,415
Ningxia
90,095
1,111,663
-12.20
85,570
111,761
Xinjiang
596,514
5,619,361
47.46
563,006
426,166
Note: 1. All the figures listed above are from China Nonferrous Metals Industry Association (CNIA).
2. The original CNIA table only includes the data of output of the month, output of year up to the month and the % change. The
data on output of the month a year earlier and the previous month come from the CNIA data released a year earlier and a month earlier
respectively.
November 15
October 15
November 14
4,797,923
52,196,079
10.18
4,732,945
4,181,738
869,995
9,811,365
19.42
847,497
840,183
64,000
459,531
43.06
64,000
15,000
Shandong
1,618,415
17,416,116
8.43
1,556,102
1,093,638
Henan
1,069,012
11,952,313
5.33
1,052,319
1,050,110
697,714
7,743,813
5.93
738,105
637,449
34,122
547,369
-6.35
52,317
20,208
Guizhou
358,402
3,359,113
23.36
332,965
388,050
Yunnan
86,263
906,460
11.86
87,557
134,931
Shanxi
Inner Mongolia
Guangxi
Chongqing
Note: All the figures listed above are from China Nonferrous Metals Industry Association (CNIA).
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25
Quantity in
Y-o-Y
Value in
Value in
Y-o-Y
Nov 15
Jan-Nov 15
Jan-Nov
Nov 15
Jan-Nov 15
Jan-Nov
(Unit:)
Tonne
Tonne
USD
USD
Bauxite
5,416,925
48,780,535
47.50
284,008,641
2,594,402,098
38.07
385,961
4,109,770
-11.39
124,094,856
1,474,877,688
-12.23
6,610
61,783
-23.08
13,827,750
142,283,566
-26.12
154,084
1,919,761
-7.59
196,157,910
2,667,421,463
-14.43
Sub-total
11,683
148,458
-44.14
20,412,089
291,413,138
-45.33
Sub-total
36,077
432,318
-4.60
214,346,903
2,574,853,799
-5.85
Powder
76
1,102
-30.70
1,019,168
13,114,487
-24.87
7,007
61,988
3.46
36,460,186
349,740,212
8.47
734
7,699
-2.47
4,320,554
46,153,446
-8.48
22,906
299,913
-4.99
88,213,812
1,205,248,768
-4.75
4,411
51,397
-5.85
75,670,214
860,440,173
-9.88
942
10,220
-24.36
8,662,969
100,156,713
-19.55
3,120
34,811
-7.86
61,397,412
688,148,091
-7.56
380
2,106
-60.14
115,752
602,573
-68.37
Alumina
78,105
285,355
146.53
31,395,080
135,282,917
28.28
46,648
485,018
-6.95
92,135,002
1,015,266,235
-9.79
58
904
2.86
117,661
1,719,387
21.53
Sub-total
2,648
26,813
-71.93
4,596,688
58,986,267
-70.08
Sub-total
397,419
3,823,437
20.38 1,310,419,304
11,930,764,746
15.68
Powder
647
9,514
1.86
2,806,436
44,646,782
-5.07
201,911
1,066,173
58.49
765,642,379
3,829,125,536
66.79
1,701
22,948
14.40
6,955,422
88,275,133
-3.66
113,479
1,720,691
11.51
273,213,418
4,422,459,213
2.22
71,563
867,784
9.76
223,793,965
2,926,653,590
1.02
8,117
136,326
-2.85
38,007,684
619,604,492
-5.49
162,721
1,800,800
8.42
779,353,743
8,787,400,096
5.59
Import
Alumina
Primary Al
Wire
Sheet & strip
Foil
Tube
Other products
Export
Bauxite
Primary Al
Wire
Sheet & strip
Foil
Tube
Other products
26
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LME 3-month
SHFE 3- month
2010 average
2,173
2,198
15,791
16,104
2011 average
2,398
2,422
16,833
16,870
2012 average
2,019
2,051
15,706
15,795
2013 average
1,846
1,888
14,561
14,592
-8.6%
-8.0%
-7.3%
-7.6%
January 2014
1,726
1,770
14,026
13,943
February 2014
1,694
1,737
13,464
13,531
March 2014
1,703
1,746
13,133
13,287
April 2014
1,809
1,847
12,843
13,007
May 2014
1,749
1,791
13,235
13,349
June 2014
1,834
1,869
13,322
13,533
July 2014
1,945
1,967
13,437
13,608
August 2014
2,030
2,038
13,963
14,083
September 2014
1,992
2,023
14,478
14,643
October 2014
1,938
1,956
14,097
14,002
November 2014
2,054
2,041
13,728
13,865
December 2014
1,913
1,929
13,517
13,511
2014 average
1,866
1,893
13,604
13,705
+1.1%
+0.3%
-6.6%
-6.1%
January 2015
1,808
1,822
12,939
12,936
February
1,820
1,837
12,870
13,024
March
1,772
1,781
12,954
13,021
April
1,817
1,808
13,255
13,258
May
1,805
1,838
13,259
13,363
June
1,683
1,723
13,008
13,081
July
1,638
1,679
12,498
12,488
August
1,539
1,570
12,180
12,210
September
1,588
1,604
11,879
11,937
October
1,524
1,547
11,702
11,633
November
1,465
1,481
10,622
10,418
10,180
10,231
December 2015
Source: SHFE, LME
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2010
2011
2012
2013
2014
Aug 15
Sep15
Oct15
Nov15
Dec15
LME (kt)
4.629
4.275
4,970
5,217
5,467
4,210
3,276
3,187
3,081
2,905
2,914
SHFE (kt)
298
441
208
442
181
207
311
288
280
283
296
Aluminum Arithmetic Average Price (A00, 99.7%) on Chinese Spot Markets (yuan/t, tax included)
Market
2013
Q1 14
Q2 14
H1 14
Q3 14
2014
Q1 15
Q2 15
H1 15
Q3 15
Nov 15
Dec 15
Nanhai
14,543
13,297
13,171
13,233
14,171
13,581
12,941
13,009
12,978
12,068
10,125
10,609
Changjiang
14,490
13,158
13,123
13,140
14,053
13,473
12,848
12,964
12,908
12,000
10,113
10,525
Note: Guangzhou Nanhai Nonferrous Metals Spot Market (Guangzhou) is located in Guangdong Province, South China. Changjiang
Nonferrous Metals Spot Market (Changjiang) is located in Shanghai City, East China.
ATKASI and Imported Spot Alumina Arithmetic Average Price (yuan/t, tax included)
2010
2011
2012
2013
2014
Aug 15
Sep15
Oct 15
Nov15
Dec15
ATKASI
2,750
2,781
2,611
2,498
2,541
2,333
2,275
2,181
1,942
1,679
Imported
2,883
2,975
2,701
2,622
2,624
2,516
2,398
2,270
2,069
1,800
Note: ATKASI is the short for Antaike Alumina Spot Index. It is the average price of non-Chalco alumina producers in Shandong, Shanxi,
Henan and the southwest regions.
Company
10,710-10,810
10,660-10,700
10,700
Al wirerod 9.5mm
11,640
22,800
19,000
Aluminum hydroxide
1,600
Aluminum hydroxide
1,335
Alumina
1,860
3,100
3,100
Cryolite
5,800
Aluminum fluoride
7,000
Source: Antaike
28
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3. Stirrer
4. Slot Wall
L. Heating Period
M. Cooling Side
Heat Pipe
Shroud Ring
Fastening
Screw M12X50
Heat pipe exchanger for decomposition tank in normal production operation can reach the result of being
free from clean, maintenance, incrustation and scab.
Address: Nanjing Qixia Economic Development Zone
Postcode: 210034
Contact: Mr. Wang
Fax: 0086-(0)25-85706128
30
E-mail: njkc@kechen.cn
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