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Bauxite prices in major Chinese provinces drop; prebake anode prices on the rise
Both bauxite and alumina prices in the domestic China market are on a downtrend in May. Though daily prices remain flat, the prices register a drop on a monthly analysis.
SMM bauxite price in RMB/t
As on May 17 2017, as reported by Shanghai Metals Market; Bauxite (5.5=Al/Si<6.5) prices in Guangxi remains flat in April/May with no change registered on daily prices. Bauxite (6.5=Al/Si<7.5) and Bauxite (5.5=Al/Si<6.5) prices in Guizhou province also remain unchanged. Average Bauxite (6.0=Al/Si<7.0) prices in Henan province drop to RMB 380/t in May from RMB 390/t in April. The average Bauxite (6.0=Al/Si<7.0) price in Shanxi also drops from RMB 360/t in April to RMB 350/t in May. The daily prices remain flat.
According to Shanghai Metals Market record, daily average price of Prebaked Anode remains flat in all the major China markets. Average price of Prebaked Anode (TY-1) in East China market stands at RMB 3,745 per tonne, Prebaked Anode (TY-1) Northwest China price is RMB 3,900 per tonne, Prebaked Anode (TY-1) Southwest China price is RMB 3,500 per tonne, and Prebaked Anode (TY-1) Central China price is RMB 3,550 per tonne as on Wednesday, May 17.
On a monthly analysis, the average price of Prebaked Anode in East China rises from RMB 3,565/t in April to RMB 3,745/t in May. For the Northwest China market, it rises from RMB 3,500/t in April to RMB 3,900/t in May. For the Southwest China market it rises from RMB 3,400/t in April to RMB 3,500/t in May. In the Central China market the price registered a slight jump from RMB 3,500/t in April to RMB 3,550/t in May.
Price of Cryolite (CH-0&CH-1) is currently ranging at RMB 6,300-6,500 per tonne and the price of Aluminum Fluoride(AF-0&AF-1) will move within a range of 9,200- 9,400 per tonne.
Alumina prices in China declined below the average national cost price. Aluminium producers and traders have been into active purchasing. Alumina market participants were enthusiastic driven by falling alumina prices. Some aluminium enterprises restocked their inventories.Get fresh Aluminium data and insights
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