High-grade Malaysian bauxite prices hold firm
2015-05-14 09:02:00 [Print]
BEIJING (Asian Metal) 14 May 15 - Because of tight supply, prices for high-grade Malaysian bauxite Al 46-48% Si 5%max remain firm at around USD46-47/t FOB Malaysia
A high-grade Malaysian bauxite owner reported that their concluded price is around USD47/t FOB Malaysia for bauxite Al 46-48% Si 5%max, the same as that in April. “We can still export around two ships of this kind of bauxite in May, with the volume at 40,000-50,000t for each ship,” said the source.
According to the source, they own essential licenses, so their exports are not affected by Malaysia inspection policy on bauxite transportation. Many bauxite owners without permits in Malaysia are forced to make deals by borrowing licenses, and the Malaysian bauxite supply in China will decline in May.
A Chinese bauxite importer confirmed that prices for Malaysian bauxite Al 46-47% Si 5%max are around USD46-47/t FOB Malaysia and USD56-58/t CIF China, which are as firm as that in last month. “I think the price for high-grade bauxite may go up in Malaysia in the second half of this year because the supply is limited,” said the source.
They have one ship of bauxite in water and will arrive in China late this week. “The other ship of bauxite will also finish shipment soon and depart from Malaysia,” said the source.
The importer illustrated that the supply from Malaysia focuses on low-grade bauxite Al 39-40% Si 5%max. “Some bauxite owners in Malaysia purchase low grade bauxite at around USD28/t and process them into high-grade bauxite,” said the source.
. If Malaysia continues to take strict inspection policy on bauxite land transportation, the price for high-grade bauxite may move up . Low-grade unwashed bauxite supply is sufficient in Malaysia, so it is difficult for the price to go up. Prices for bauxite Al 40-41% Si 5%max stay at around USD29-31/t FOB Malaysia. A high-grade Malaysian bauxite owner reported that their concluded price is around USD47/t FOB Malaysia for bauxite Al 46-48% Si 5%max, the same as that in April. “We can still export around two ships of this kind of bauxite in May, with the volume at 40,000-50,000t for each ship,” said the source.
According to the source, they own essential licenses, so their exports are not affected by Malaysia inspection policy on bauxite transportation. Many bauxite owners without permits in Malaysia are forced to make deals by borrowing licenses, and the Malaysian bauxite supply in China will decline in May.
A Chinese bauxite importer confirmed that prices for Malaysian bauxite Al 46-47% Si 5%max are around USD46-47/t FOB Malaysia and USD56-58/t CIF China, which are as firm as that in last month. “I think the price for high-grade bauxite may go up in Malaysia in the second half of this year because the supply is limited,” said the source.
They have one ship of bauxite in water and will arrive in China late this week. “The other ship of bauxite will also finish shipment soon and depart from Malaysia,” said the source.
The importer illustrated that the supply from Malaysia focuses on low-grade bauxite Al 39-40% Si 5%max. “Some bauxite owners in Malaysia purchase low grade bauxite at around USD28/t and process them into high-grade bauxite,” said the source.