Jul-Aug orders to boost Sep alumina exports

Published: Sep 28, 2018 11:47

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Over 400,000 mt of alumina was ordered by buyers overseas in July-August while only 134,000 mt was exported

SHANGHAI, Sep 28 (SMM) – China’s alumina exports are likely to boom in September as large numbers of orders made in July-August have yet to be fulfilled, SMM believes.

SMM research found that over 400,000 mt of alumina was ordered by buyers overseas in July-August. Data from the Customs showed that only 134,000 mt was exported for the same months. The gap is expected to be fulfilled in September-October.

Cooling stockpiling enthusiasm among international consumers, however, is expected to dwindle down the export volume in September.

FOB Australia alumina prices rose from the end of June to early September. SMM assessments showed that the prices averaged $640/mt as of September 7, up $200/mt or 45% from $440/mt recorded on June 28. In July-August, primary aluminium producers overseas stockpiled for the fourth quarter of year and this bolstered the prices.

As the stockpiling wave wound down, alumina prices declined in the past fortnight and stood at $535/mt as of September 28, down $105/mt or 16% from $640/mt.

Customs data Alumina

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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