28 JULY 2015Shanghai Metal Market
Malaysia not Australia is now China’s Number 1 bauxite supplier
Edited by : AL CIRCLE
1 min read
Malaysia has replaced Australia as China’s top bauxite supplier, taking up 46% of China’s total bauxite imports in June.
SMM’s attributes China’s growing appetite for Malaysian bauxite to its price appeal. Import price of Malaysia bauxite averaged $46.19 per tonne in June, 16.6% lower than Australian ore and 22.12% lower than Indian ore.
However, imports from Malaysia might fall in July since shipment in the country has slowed significantly due to ongoing Ramadan. Ships are lining up at Kuantan port, waiting to departure, SMM learned from traders in China. China imported 4.04 million tonnes of bauxite in June, up 38.02% year-on-year. Imports in H1 totaled 22.57 million tonnes, also up 15.62% from a year ago, customs data showed.
SMM’s attributes China’s growing appetite for Malaysian bauxite to its price appeal. Import price of Malaysia bauxite averaged $46.19 per tonne in June, 16.6% lower than Australian ore and 22.12% lower than Indian ore.
However, imports from Malaysia might fall in July since shipment in the country has slowed significantly due to ongoing Ramadan. Ships are lining up at Kuantan port, waiting to departure, SMM learned from traders in China. China imported 4.04 million tonnes of bauxite in June, up 38.02% year-on-year. Imports in H1 totaled 22.57 million tonnes, also up 15.62% from a year ago, customs data showed.
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