13 JUNE 2016Shanghai Metals Market
Bauxite prices in China show signs of rising
Edited by : AL CIRCLE
1 min read
Bauxite prices in China have shown signs of rising, especially in Shanxi province, where more new alumina capacity came on stream than other regions, reported industry sources.
Rising alumina prices gave Chinese alumina producers incentive to restart idled capacity or bring online new capacity, boosting bauxite demand and prices.
Survey showed bauxite (Al/Si ratio at 5.5) in Shanxi traded at 240-250 yuan/tonne (excluding VAT, delivery to factory) recently, up 10-20 yuan/tonne from May.
With alumina prices in Guizhou province stabilizing at 1,900 yuan/tonne, local bauxite prices appear set to rise soon. Bauxite (Al/Si ratio at 6) in the province still trades at 170-180 yuan/tonne (excluding VAT, delivery to factory) at the moment, but might see a 10-20 yuan/tonne rise in the near term.
Rising alumina prices gave Chinese alumina producers incentive to restart idled capacity or bring online new capacity, boosting bauxite demand and prices.
Survey showed bauxite (Al/Si ratio at 5.5) in Shanxi traded at 240-250 yuan/tonne (excluding VAT, delivery to factory) recently, up 10-20 yuan/tonne from May.
With alumina prices in Guizhou province stabilizing at 1,900 yuan/tonne, local bauxite prices appear set to rise soon. Bauxite (Al/Si ratio at 6) in the province still trades at 170-180 yuan/tonne (excluding VAT, delivery to factory) at the moment, but might see a 10-20 yuan/tonne rise in the near term.
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
Dubai group seeks funding for $8bn Guinean bauxite mine
Next articleJamaica’s Alpart operation to reopen within months: Mining Minister
Grow with
AL Circle
