Low-price transactions were reported successively, and the quoted prices for imported bauxite were lowered

The domestic bauxite market remained stable this week. As of today, the transaction price for bauxite with an Al/Si ratio of 5.0 and alumina content of 60 per cent in Shanxi, excluding VAT and for self-pick-up at crushing plants, was around RMB 600-640 per tonne. In Henan, the transaction price for bauxite with an Al/Si ratio of 5.0 and alumina content of 60 per cent, excluding VAT and for self-pick-up at crushing plants, was approximately RMB 550-590 per tonne. In Guizhou, the transaction price for bauxite with an Al/Si ratio of 5.5 and alumina content of 58 per cent, excluding VAT and for self-pick-up at crushing plants, was RMB 440-480 per tonne. In Guangxi, the transaction price for bauxite with an Al/Si ratio of 6.0 and alumina content of 53 per cent, excluding VAT and for self-pick-up at crushing plants, was RMB 320-335 per tonne.

Imported bauxite:

According to data on April 18, the weekly total bauxite arrivals at domestic ports were 4.2039 million tonnes, a decrease of 1.5102 million tonnes W-o-W. The weekly total bauxite departures from main ports in Guinea were 3.3155 million tonnes, a decrease of 672,000 tonnes W-o-W. The weekly total bauxite departures from main ports in Australia were 646,100 tonnes, a decrease of 435,400 tonnes W-o-W.

In terms of prices, a small number of bauxite transactions were inquired about this week. At the beginning of the week, the inquired transaction price was around USD 85-86 per tonne. Later in the week, the inquired transaction price further decreased, equivalent to approximately USD 80 per tonne for standard grade (45 per cent alumina content, 3 per cent silicon dioxide content). The SMM imported bauxite CIF index price decreased by USD 5.6 per tonne W-o-W to USD 83.11 per tonne. The Guinea bauxite CIF price decreased by USD 5 per tonne W-o-W to USD 83 per tonne.

SMM Brief Review: Overall, bauxite prices are expected to remain under pressure in the short term. Concentrated alumina maintenance and production cuts have led to a decline in operating capacity, reducing the demand for bauxite. Coupled with the loss of pressure on alumina enterprises, some companies have shown a more obvious tendency to drive down bauxite purchasing prices.

Under the surplus pressure of bauxite, sellers' offers have also decreased to varying degrees. Recently, some offers of USD 75-80 per tonne have been reported in the market, and whether they are transacted remains to be further verified. In the short term, bauxite prices are expected to show a downward trend.

Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.