22 JANUARY 2015Shanghai Metal Market
China demand for Malaysian bauxite to grow further
Edited by : AL CIRCLE
1 min read
China’s demand for Malaysian bauxite is poised to grow further in the near term on increasing alumina production, Shanghai Metals Market predicts.
Lubei Enterprise Group is scheduled to reopen its 500,000-tpy alumina project next month, and Weiqiao Pioneering Group may ramp up alumina production, which will boost bauxite demand.
Many traders contracted by SMM are painting a rosy picture of Chinese alumina refineries’ demand for Malaysian bauxite. One trader told SMM that bauxite (Al2O3 43%, SiO2 4%) was offered at $34 per tonne (FOB) for shipments from Malaysia to China.
Lubei Enterprise Group is scheduled to reopen its 500,000-tpy alumina project next month, and Weiqiao Pioneering Group may ramp up alumina production, which will boost bauxite demand.
Many traders contracted by SMM are painting a rosy picture of Chinese alumina refineries’ demand for Malaysian bauxite. One trader told SMM that bauxite (Al2O3 43%, SiO2 4%) was offered at $34 per tonne (FOB) for shipments from Malaysia to China.
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