Malaysian bauxite mining ban may extend
2016-03-10 08:46:32 [Print]
BEIJING (Asian Metal) 10 Mar 16 - From mid-January, Malaysia stopped bauxite mining and the ban will come to the end in mid-April. However, a market rumor said that the ban may last until June. Concluded prices for bauxite Al 40% Si 5% are stable at around USD26/t FOB Malaysia.
A Malaysian bauxite owner reported that they sold out all stocks in February and now watch the market. “We may resume mining operation in June, as the government may delay to issue new policy,” said the source.
The source pointed out that Malaysia may remove the ban after bauxite stocks in Kuantan port and in warehouses nearby were cleared. Although stocks in the port are less than 1 million tonnes, those in nearby warehouses are close to 2 million tonnes.
The owner exported around 140,000t of bauxite last month at around USD26/t FOB Malaysia, based on the annual capacity of 2 million tonnes.
Another bauxite owner in Malaysia confirmed that they may not be able to start bauxite mining until June. “It is true that there are more than 1 million tonnes of bauxite in warehouses nearby Kuantan port, so it will take time to clear stocks, and Malaysian bauxite mining ban policy will last for more time,” said the source.
The owner exported around 300,000t of bauxite in February and still holds around 300,000t of bauxite in stock. Export prices last month were around USD26-26.5/t FOB Malaysia, which remain unchanged in March, noted the source.
Their production capacity is around 3 million tonnes per year.
A Malaysian bauxite owner reported that they sold out all stocks in February and now watch the market. “We may resume mining operation in June, as the government may delay to issue new policy,” said the source.
The source pointed out that Malaysia may remove the ban after bauxite stocks in Kuantan port and in warehouses nearby were cleared. Although stocks in the port are less than 1 million tonnes, those in nearby warehouses are close to 2 million tonnes.
The owner exported around 140,000t of bauxite last month at around USD26/t FOB Malaysia, based on the annual capacity of 2 million tonnes.
Another bauxite owner in Malaysia confirmed that they may not be able to start bauxite mining until June. “It is true that there are more than 1 million tonnes of bauxite in warehouses nearby Kuantan port, so it will take time to clear stocks, and Malaysian bauxite mining ban policy will last for more time,” said the source.
The owner exported around 300,000t of bauxite in February and still holds around 300,000t of bauxite in stock. Export prices last month were around USD26-26.5/t FOB Malaysia, which remain unchanged in March, noted the source.
Their production capacity is around 3 million tonnes per year.
Bauxite Indonesian 47%min CIF China
Unit:USD/dt
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