♦China’s deep economic reform supplies new challenges and opportunities for the aluminum industry
The 3rd Plenary Session 18th CPC agreed on deep economic policy reform. The new government seems confident in reducing excess capacity in aluminum production. The Chinese aluminum industry faces new challenges and opportunities.
♦Indonesia export policy unclear and Chinese bauxite importers take preparations
Chinese bauxite importers replenished lots of stocks in 2013 for fear of Indonesia export ban. However, Indonesia policy remains unclear and participants watch the market.
♦Aluminum industry reshuffle may influence alumina market
Currently, the alumina supply meets demand in the Chinese market, but the adjusting primary aluminum industry will change the market.
♦Fierce price competition in Chinese domestic and export aluminum fluoride market
Given excess capacity, aluminum fluoride producers have increased their market share by lowering offers in spite of losses. More and more Chinese producers turn to export markets, leading to an excess of material in overseas markets.
♦Rising cost but reducing market price challenges carbon anode market
Petroleum coke price keeps high level in spite of sluggish aluminum market and profit for carbon anode producers becomes limited. In order to enlarge market share, carbon anode producers choose to expand capacity.
