China’s bauxite imports expand 33% YoY in May

Published: Jun 24, 2019 10:48

Save

China imported 9.71 million mt of bauxite in May, down 4.59% from April but up 33.18% from May 2018

SHANGHAI, Jun 24 (SMM) – China imported 9.71 million mt of bauxite in May, down 4.59% from April but up 33.18% from May 2018, according to China Customs data under 10-digit HS code.

This brought imports in the first five months of the year to 47.03 million mt.

The Republic of Guinea, Australia and Indonesia remained the top three bauxite exporters to China, and volumes from them accounted for 92.12% of the total.

Tight supplies of domestic bauxite has prompted Chinese alumina refineries to step up the use of imported materials.

SMM learned that SPIC Shanxi Aluminum has finished the transformation of two alumina production lines with capacity of 800,000 mt/year to low-temperature mode which is suitable to imported bauxite.

Tianshan Aluminium’s alumina refinery in Guangxi’s Jingxi included a low-temperature production line with annual capacity of 850,000 mt in its second stage.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

Central China Market Rebounds, Trading Firms Stockpile, Prices Strengthen Against SHFE Aluminum Contracts

Today, the trading atmosphere in the central China market continued to rebound compared to the previous two days. Coinciding with Friday, stockpiling demand from downstream processing enterprises was somewhat released, and the stockpiling sentiment among trading firms engaging in both spot and futures market remained strong, providing strong support to market prices. Moreover, suppliers showed a notable willingness to hold prices firm and hold back from selling. As a result, the actual transaction price range in the central China market was at a premium of -110 to -140 yuan/mt against the SHFE aluminum August contract, with a trend of continuously moving higher.

1 min ago

15 mins ago

Aluminum processing operating rate continues to decline to 61.3% [SMM weekly survey on aluminum processing]

This week, the operating rate of leading aluminum downstream processors in China recorded 61.3%, down 0.6 percentage points WoW.

15 mins ago

20 mins ago

Xinlyu Shidai Approves Aluminum Recycling Project in Chongqing, Plans 80,000 mt Billet and 40,000 mt Profiles Capacity

Xinlyu Shidai announced that it had reviewed and approved the relevant proposals for the construction of the Xinlyu Shidai Aluminum Alloy Recycling Project in Qijiang, Chongqing. The project plans to build a capacity of 80,000 mt of high-end aluminum billet and 40,000 mt of extruded aluminum profiles. The wholly-owned subsidiary Xinlyu Xunhuan had been established earlier, after which the company agreed to add the wholly-owned subsidiary Xinlyu Tecai as an investor and implementation entity for the project. Recently, the company successfully obtained the state-owned construction land use right certificate for the project. The plot covers an area of 120,400.8 m², with a usage term until December 31, 2064. Subsequently, the certificate will be transferred to Xinlyu Tecai. Currently, the project is not expected to have a significant impact on the company’s performance in the short term.

20 mins ago