Source: Ministry of Industry and Information Technology of China
- Steady growth in production. According to the National Bureau of Statistics data, from January-September, China produced 58.84 million tons of alumina, 29.15 million tons of electrolytic aluminum ingot and 44.78 million tons of aluminum finished products. which represents increase of 7.6% for alumina, 7.2% for aluminum ingot and 10.7% for aluminum finished products with a two-year average growth of 2.9% for alumina, 5.1% for aluminum ingot and 8.8% increase for aluminum finished products.
- Inventory of aluminum ingots slightly declined. According to industry analysts, the inventory of aluminum ingots in late September is 820,000 tons, fluctuating within the normal level, down 34% from the highest point of the year.
- Prices rose dramatically . According to the China Nonferrous Metals Industry Association statistics, since this year, aluminum prices rose sharply. The average spot price from January to September is 18,491 yuan/ ton which increased 32.5%. The spot price on September 13 was 23,410 yuan / ton , which set a new highest score in last 15 years.
- Importation of Bauxite and alumina decreased while aluminum finished products exportation increased . According to the General Administration of Customs of China, from January to September, China imported 81.532 million tons of bauxite, 2.694 million tons of alumina, representing a year-on-year decrease of 7.2% and 9.4%. 636,000 tons of aluminum scrap were imported, up 0.6% year-on-year; 1.917 million tons of unwrought aluminum were imported, representing a year-on-year increase of 12.9%. aluminum exports 3.943 million tons, stands for an increase of 16.1% year-on-year.
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