Bauxite prices in China major markets fell by RMB 10/t on Nov 20 after remaining flat for weeks

Bauxite prices in four of China’s major market slid by RMB 10 per tonne on Monday, November 20 after remaining unchanged for almost a month. The average bauxite (6.0≤Al/Si＜7.0) price dropped from RMB 400 per tonne as on November 13 to RMB 390 per tonne on November 20.

The declining price trends of bauxite and alumina- the key raw materials of aluminium have impacted upon aluminium A00 ingot prices in China. Main contract of SHFE Aluminium is estimated to range at RMB 14,900-15,000 per tonne in the short term. There is a supporting effect at RMB 15,000 per tonne.

Source: www.metal.com

Currently, Bauxite (6.0≤Al/Si＜7.0) Shanxi price is ranging at RMB 410-460 per tonne, Bauxite (4.5≤Al/Si＜5.5) Shanxi is within RMB 300-380 per tonne, Bauxite (4.5≤Al/Si＜5.5) Henan is ranging at RMB 340-440 per tonne, and Bauxite (6.0≤Al/Si＜7.0) Henan is within RMB 450-510 per tonne. The average prices (per tonne) of the four varieties are RMB 435, RMB 340, RMB 390, and RMB 480 per tonne respectively as on November 20.

Source: www.metal.com

Average bauxite prices in Guanxi and Guizhou regions are holding steady at RMB 255 and RMB 272.5 per tonne respectively. The average Bauxite CIF price is US$45.4 per tonne as on November 20.

The average alumina spot price is unchanged at RMB 3515 per tonne after it dropped from RMB 3534 per tonne on November 21.