Chinese calcined bauxite market sees dormant demand
2023-04-10 08:24:29 [Print]
BEIJING (Asian Metal) 10 Apr 23 - Due to the dormant market demand, most producers witnessed limited deals from downstream buyers in the past month. Nonetheless, they held their prices unchanged this week in view of the high production costs. The current prevailing prices for Chinese calcined bauxite Al2O3 85%min 1-3mm Fe2O3 2%max K2O+Na2O 0.25%max B.D. 3.1min stand at RMB2,800-2,900/t (USD407-422/t) EXW D/P, in line with late last week. As most producers prefer to hold stable their prices on basis of the firm raw material prices, insiders hold the view that the prevailing prices of Chinese calcined bauxite would keep unchanged in the week to come.
A producer in Shanxi expected a sales decline of nearly 50% in April due to sluggish market demand, while they normally sold about 1,400t a month. But they still quoted RMB2,500/t (USD364/t) Ex-VAT EXW D/A 180 days for calcined bauxite Al2O3 85%min 1-3mm Fe2O3 1.6%max K2O+Na2O 0.35%max B.D. 3.1min with no discount due to the firm raw material prices, in line with late last week. The producer claimed, "We closed our latest dealabout a week ago when we sold about 120t to a regular client at around RMB2,500/t (USD364/t)". Despite the shrinking demand, they have no intention to lower their price considering the high production costs and predict that the prevailing prices of Chinese calcined bauxite would keep steady in the following week.
The producer, with an annual production capacity of 40,000t, expects to produce about 1,000t in April, unchanged MoM. Currently they have an inventory of almost 1,200t.
Another producer in Guizhou predicted to sell about 1,000t this month, cut by nearly 30% from last month owing to soft demand. They disclosed, "We kept our price stable for calcined bauxite Al2O3 85%min 1-3mm Fe2O3 2%max K2O+Na2O 0.65%max B.D. 3.1min at RMB2,400/t (USD350/t) Ex-VAT EXW D/A 180 days with no counteroffer". They closed their last deal early this week when they sold around 66t to a local client at almost RMB2,400/t (USD350/t). Despite that they faces a decreasing demand, given the high raw material prices, they would hold their price steady and believe that the prevailing prices of Chinese calcined bauxite would remain steady in the upcoming week.
Based on an annual production capacity of 60,000t, they predict to produce about 1,000t in April, in line with March. They have stocks of nearly 800t presently.
A producer in Shanxi expected a sales decline of nearly 50% in April due to sluggish market demand, while they normally sold about 1,400t a month. But they still quoted RMB2,500/t (USD364/t) Ex-VAT EXW D/A 180 days for calcined bauxite Al2O3 85%min 1-3mm Fe2O3 1.6%max K2O+Na2O 0.35%max B.D. 3.1min with no discount due to the firm raw material prices, in line with late last week. The producer claimed, "We closed our latest dealabout a week ago when we sold about 120t to a regular client at around RMB2,500/t (USD364/t)". Despite the shrinking demand, they have no intention to lower their price considering the high production costs and predict that the prevailing prices of Chinese calcined bauxite would keep steady in the following week.
The producer, with an annual production capacity of 40,000t, expects to produce about 1,000t in April, unchanged MoM. Currently they have an inventory of almost 1,200t.
Another producer in Guizhou predicted to sell about 1,000t this month, cut by nearly 30% from last month owing to soft demand. They disclosed, "We kept our price stable for calcined bauxite Al2O3 85%min 1-3mm Fe2O3 2%max K2O+Na2O 0.65%max B.D. 3.1min at RMB2,400/t (USD350/t) Ex-VAT EXW D/A 180 days with no counteroffer". They closed their last deal early this week when they sold around 66t to a local client at almost RMB2,400/t (USD350/t). Despite that they faces a decreasing demand, given the high raw material prices, they would hold their price steady and believe that the prevailing prices of Chinese calcined bauxite would remain steady in the upcoming week.
Based on an annual production capacity of 60,000t, they predict to produce about 1,000t in April, in line with March. They have stocks of nearly 800t presently.
