Calcined bauxite market report October 2012

In October, calcined bauxite market moved slowly as steel industry was still in lackluster.Asian Metal Copyright Accordingly, the export price went up because of the increase of the license.Asian Metal Copyright The supply of bauxite ore was still tight as China banned private mining, which drove the bauxite ore price up slightly, but calcined bauxite producers could not pass this along to the downstream consumers as the demand was weak.Asian Metal Copyright With18th National Congress approaching, shaft-kiln producers were not allowed to operate furnaces due to heavy pollution, and the price of shaft-kiln calcined bauxite surged.Asian Metal Copyright With18th National Congress approaching, shaft-kiln producers were not allowed to operate furnaces due to heavy pollution, and the price of shaft-kiln calcined bauxite surged.Asian Metal Copyright The supply of bauxite ore was still tight as China banned private mining, which drove the bauxite ore price up slightly, but calcined bauxite producers could not pass this along to the downstream consumers as the demand was weak.Asian Metal Copyright Export market was flat as most overseas consumers delayed purchases with an expectation of the price drop next year when China government would abandon the quota system of calcined bauxite.
In the later of October, the price of license was pushed up as some traders and producers ran out of quotas. Accordingly, the export price went up because of the increase of the license.
.Asian Metal Copyright With18th National Congress approaching, shaft-kiln producers were not allowed to operate furnaces due to heavy pollution, and the price of shaft-kiln calcined bauxite surgedAsian Metal Copyright