08 DECEMBER 2015Shanghai Metal Market
China bauxite imports to fall further in December after 34% slump in November
Edited by : AL CIRCLE
1 min read
China’s bauxite imports fell 34% month-on-month in November, a trend to continue in December, SMM expects.
SMM bases its prediction on falling shipment from top supplier Malaysia due to monsoon season there, as well as destocking by Chinese alumina producers against year-end cash tightness.
China imported 4.48 million tonnes of bauxite in October, up 74.36% from a year ago, but plunged from 6.81 million tonnes in September, customs data showed. The month-on-month decline was dragged mainly by a 41.5% slump from Malaysia, a 36.1% decline from Australia and an 11.1% drop from India.
SMM bases its prediction on falling shipment from top supplier Malaysia due to monsoon season there, as well as destocking by Chinese alumina producers against year-end cash tightness.
China imported 4.48 million tonnes of bauxite in October, up 74.36% from a year ago, but plunged from 6.81 million tonnes in September, customs data showed. The month-on-month decline was dragged mainly by a 41.5% slump from Malaysia, a 36.1% decline from Australia and an 11.1% drop from India.
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
Australian Bauxite's first exports delayed by Malaysian bauxite surge
Next articleRio Tinto to go ahead with $1.9 bln bauxite expansion
Grow with
AL Circle
