1. Electrolytic aluminum production in China in February 2019

In February 2019, China's electrolytic aluminum production was 2.6537 million tons, with an average daily output of 94,800 tons and an annual output of 34.5922 million tons. Compared with January's daily output of 95,500 tons, the daily output decreased by 0.07 million tons/day. According to the current increase and decrease situation, the production volume in March 2019 is estimated to be about 2.95 million tons, and the daily chemical production is about 95,200 tons, and the monthly average daily production may slightly test.

2. Weighted electricity price for electrolytic aluminum industry in China in February 2019

In February 2019, the weighted average price for comprehensive use in China's electrolytic aluminum industry was 0.3115 yuan/KWH, up 0.0032 yuan/KWH from 0.3083 yuan/KWH last month, up 1.04% month on month and down 3.4% year on year.

3. Weighted average cost of electrolytic aluminum industry in China in February 2019

In February 2019, China's electrolytic aluminum industry's total cost weighted average with tax was 14175.91 yuan/ton, down 178.4 yuan/ton from 14354.34 yuan/ton last month, down 1.24% from the previous month and down 2.9% from the previous year. In February 2019, the national average profit of China's electrolytic aluminum industry continued to decline.

Alumina fundamentals

4. China's alumina production in February 2019

In February 2019, China's alumina production was 5,701,400 tons, with an average daily output of 203,600 tons, up 11,600 tons/day from 192,000 tons/day in January. China's alumina production in February 2019 was 5.7014 million tons, up 7.72 percent year-on-year.

5. Weighted average cost of China's alumina industry in February 2019

In February 2019, China's alumina industry's total cost weighted average with taxes was 2,696.21 yuan/ton, down 33.14 yuan/ton from 2,729.35 yuan/ton last month, down 1.21 percent month-on-month and up 8.75 percent year-on-year.

6. Balance between supply and demand of alumina in China

In February 2019, China's metallurgical alumina output is 5.7014 million tons, and its import volume is 144,438 tons based on actual arrival (not based on customs declaration time). Based on the time of departure from port (not based on the time of customs declaration), the export volume in February is about 0.000 tons, while it is about 150 thousand tons for non-metallurgical grade alumina. China's electrolytic aluminum output is 2.6537 million tons. Based on the unit consumption of 1.93 tons of alumina, China's alumina supply in February is remaining 444 thousand tons, showing a surplus state.