Malaysian bauxite supply becomes tight again
2016-09-23 08:45:25 [Print]
BEIJING (Asian Metal) 23 Sep 16 - In August, more Malaysian illegal bauxite stocks were sold out, and the supply increased to around 510,000t, up from 150,000t in July. However, in September, with stocks becoming less, Malaysian bauxite supply becomes tight again. A number of Chinese buyers cannot find enough bauxite supply. The price for bauxite Al 40% Si 5% is around USD26-26.5/t FOB Malaysia.
A bauxite trader in China reported that they imported around 40,000-50,000t of bauxite in September, and the price for bauxite Al 40% Si 5% is around USD32/t CFR China based on contracts signed in August. “We have one vessel waiting in Malaysia, as we only bought 10,000t in stock and need more for enough one shipment,” said the source. One shipment usually loads 40,000-50,000t of bauxite.
According to the source, demand from China is strong, but it is difficult to buy enough bauxite, as many owners hold no stock available for sales. Looking ahead, the trader predicted that the bauxite price may go up because of tight supply.
A bauxite owner in Malaysia confirmed that they hold 200,000-300,000t of bauxite stocks in storage yard of mining area but do not have the new export license. “We may get the license two weeks later, and I think the price may be around USD26.5/t FOB Malaysia,” said the source, adding that policy control on transportation from mining area to port is strict in consideration of environment protection.
Based on the capacity of 2 million tons per annum, the owner exported around 40,000t of bauxite at USD25.5/t FOB Malaysia in August.
A bauxite trader in China reported that they imported around 40,000-50,000t of bauxite in September, and the price for bauxite Al 40% Si 5% is around USD32/t CFR China based on contracts signed in August. “We have one vessel waiting in Malaysia, as we only bought 10,000t in stock and need more for enough one shipment,” said the source. One shipment usually loads 40,000-50,000t of bauxite.
According to the source, demand from China is strong, but it is difficult to buy enough bauxite, as many owners hold no stock available for sales. Looking ahead, the trader predicted that the bauxite price may go up because of tight supply.
A bauxite owner in Malaysia confirmed that they hold 200,000-300,000t of bauxite stocks in storage yard of mining area but do not have the new export license. “We may get the license two weeks later, and I think the price may be around USD26.5/t FOB Malaysia,” said the source, adding that policy control on transportation from mining area to port is strict in consideration of environment protection.
Based on the capacity of 2 million tons per annum, the owner exported around 40,000t of bauxite at USD25.5/t FOB Malaysia in August.
Bauxite Indonesian 47%min CIF China
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