In July, the weighted average full cost of alumina nationwide was approximately RMB 2,957 per tonne, down RMB 14 per tonne M-o-M; the weighted average cash cost was approximately RMB 2,787 per tonne.
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For bauxite, the bulk import bauxite prices fluctuated around USD 73-74 per tonne in July. The prices of low-temperature Australian bauxite dropped back slightly, while China’s domestic bauxite prices remained largely stable, resulting in relatively stable bauxite costs for alumina production. Entering August, domestic bauxite prices in northern China are expected to remain stable, while those in southern China show signs of a slight increase.
For imported bauxite, the shipment volume of Guinean bauxite declined during the rainy season, and sellers' intention to refuse to budge on prices strengthened gradually. However, buyers' acceptance of high prices was generally low. The prices of imported bauxite in August are expected to maintain a fluctuating trend.
For caustic soda, long-term contract prices in Shanxi, Henan, and Guangxi fell in July, while caustic soda prices in Shandong showed an upward trend. However, the monthly average price in Shandong decreased slightly M-o-M, resulting in a slight reduction in caustic soda costs. Entering August, long-term contract prices for caustic soda in Shanxi, Henan, and Guangxi all rebounded, and the caustic soda costs for alumina production in August are expected to rebound slightly.
Overall, the weighted average full cost of alumina nationwide in August is currently expected to remain largely stable, operating around RMB 2,900-3,000 per tonne.
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.
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