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2010 March Al Imports and Exports Data Analysis

iconApr 26, 2010 11:14
Source:SMM

SHANGHAI, Apr. 26 (SMM) --
Bauxite:
China Customs reported bauxite imports of 2.57 million mt during March, up 63.88% YoY, but is more a reflection of low import volumes in March 2009 than excessive demand in 2010. March 2010 imports were up 32.78% compared to February 2010. Domestic aluminum capacity grew steadily, contributing to robust demand for alumina. In addition, additional aluminum capacity with imported bauxite as a raw material in Shandong province will come online in the near future, further increasing demand for bauxite.  

Alumina:
According to the latest data from China Customs, China's alumina imports were 507.1 kt during March, up 45.91% YoY.  YTD imports were 1.59 million mt, up 35.55% YoY. China's alumina imports have been stable since early 2010, and were in line with SMM's forecast made back in January. So far in 2010, domestic alumina importers have increased the amount of alumina produced for long-term alumina contracts, helping keep alumina import volumes relatively stable. In addition, the lack of strong price competitiveness for imported alumina is also keeping import volumes stable. 

Aluminum:
China Customs reported China's aluminum imports were 28.1 kt during March, down 206.43% YoY, but up 46.11% MoM, and with YTD imports of 87.3 kt, down 32.62% YoY. Currently, domestic aluminum import levels are stable, with long-term aluminum contracts for foreign enterprises consuming the bulk of imports, as well as processing with customer supplied materials. China's aluminum exports were 2.2 kt during March.

 

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