For the Quarter Ending September 2025
North America
• In United States, Alumina (Aluminium Oxide) Price Index remained stable in Q3 2025, reflecting mixed market dynamics.
• Alumina production costs impacted by 2.6% Producer Price Index increase in August 2025 and strengthening utilities cost.
• Demand from aluminum production units weakened in Q3 2025, despite strengthened automotive sector sales.
• Overall alumina supply remained loose in early July 2025, contributing to a global market surplus.
• Industrial Production rose 0.9% in August 2025, suggesting growth in Alumina (Aluminium Oxide) consuming industries.
• Retail Sales increased 5.0% in August 2025, supporting consumer demand for products utilizing aluminum.
• Broader economic conditions, including 3.0% CPI and 4.4% unemployment in September 2025, influenced market sentiment.
Why did the price of Alumina (Aluminium Oxide) change in September 2025 in North America?
• Production costs rose from strengthening utilities and the feedstock costs in Q3 2025.
• Weakened demand from aluminum production units in Q3 2025 contributed to loose overall alumina supply.
• A 2.6% Producer Price Index increase in August 2025 indicated rising input costs for producers.
APAC
• In China, the Alumina (Aluminium Oxide) Price Index fell quarter-over-quarter in Q3 2025, influenced by declining industrial prices.
• Alumina production costs were impacted by softening bauxite feedstock costs in Q3 2025, despite mixed caustic soda trends.
• Demand for Alumina (Aluminium Oxide) strengthened in Q3 2025, driven by new energy sectors and 6.5% industrial production growth.
• The Alumina (Aluminium Oxide) Price Forecast suggests continued pressure from potential seaborne oversupply and contracting manufacturing activity.
• The Alumina (Aluminium Oxide) Price Index reflected a -2.3% Producer Price Index (PPI) year-over-year in September 2025.
• High bauxite port inventories persisted in Q3 2025 due to steady import volumes, ensuring ample raw material supply.
• China's metallurgical-grade alumina output increased noticeably in Q3 2025, with robust operating capacity utilization.
• Deflationary pressures (CPI -0.3% in September 2025) and 3.0% retail sales growth presented mixed consumer demand signals.
Why did the price of Alumina (Aluminium Oxide) change in September 2025 in APAC?
• Declining Producer Price Index (PPI) of -2.3% in September 2025 indicated overall industrial price weakness.
• Softening bauxite feedstock costs in Q3 2025 reduced production expenses, influencing alumina pricing.
• Contracting Manufacturing Index in September 2025 suggested reduced industrial activity, dampening demand.
Europe
• In Germany, the Alumina (Aluminium Oxide) Price Index fell quarter-over-quarter in Q3 2025, driven by contracting industrial activity.
• Alumina production costs fell in Q3 2025 due to decreased bauxite feedstock costs in September.
• Germany's industrial production declined by 1.0% in September 2025, dampening overall demand for Alumina (Aluminium Oxide).
• The Manufacturing Index was contracting in Q3 2025, signaling reduced demand for industrial raw materials.
• Global alumina supply is expected to remain in surplus throughout 2025, contributing to downward pressure on prices.
• Despite a -1.7% PPI yoy in September 2025, European alumina refineries faced elevated natural gas and electricity costs.
• Construction demand contracted significantly in Q3 2025, negatively impacting Alumina (Aluminium Oxide) consumption.
• Retail sales rose by 0.2% in September 2025, offering modest support for Alumina (Aluminium Oxide) in consumer applications.
Why did the price of Alumina (Aluminium Oxide) change in September 2025 in Europe?
• Industrial production declined by 1.0% in September 2025, reducing Alumina (Aluminium Oxide) demand.
•Decrease in the Bauxite price have impacted majorly towards decline in the Alumina production cost in the respective period.
• Global alumina supply surplus throughout 2025 exerted downward pressure on the Alumina (Aluminium Oxide) Price Index.
