28 MARCH 2016AlCircle.com
Australia outpasses Malaysia to become China's top bauxite supplier
Edited by : AL CIRCLE
1 min read
Bauxite shipments from Astralia to China have zoomed past Malaysia's bauxite shipments to China. According to the latest export-import data released by the General Customs Administration of China, Australia shipped 1,057,321 million tonnes (mt) of bauxite, the principal ore of aluminium, to China in February 2016, while Malaysia shipped 986,930 mt during the same period.
Malaysia’s three-month ban on bauxite mining, which started on January 15, sent China’s imports from the once top supplier down 54.3 per cent month-on-month in February. Such decline in bauxite shipments caused China’s total imports to tumble 39 per cent from January to 3.22 mt in February, customs data showed.
SMM attributes lower imports of bauxite partly to production cuts by major Chinese alumina refiners, especially in Shandong.
Average CIF price of bauxite imports in China was $49.92 per tonne in February, down 10.9 per cent from corresponding period previous year and down 2.4 per cent from a month ago.
Malaysia’s three-month ban on bauxite mining, which started on January 15, sent China’s imports from the once top supplier down 54.3 per cent month-on-month in February. Such decline in bauxite shipments caused China’s total imports to tumble 39 per cent from January to 3.22 mt in February, customs data showed.
SMM attributes lower imports of bauxite partly to production cuts by major Chinese alumina refiners, especially in Shandong.
Average CIF price of bauxite imports in China was $49.92 per tonne in February, down 10.9 per cent from corresponding period previous year and down 2.4 per cent from a month ago.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Wan Junaidi cites lack of rules for slow reaction to Pahang bauxite crisis
Next articleAustralian Bauxite hopes improving market conditions will fire up its Campbell Town mine
Grow with
AL Circle
