Chinese bauxite import prices move down
2015-11-12 09:20:57 [Print]
BEIJING (Asian Metal) 12 Nov 15 - Chinese aluminum ingot and alumina prices dropped significantly from October, and a few of alumina refineries started cutting production. Chinese bauxite importers lowered purchase prices. For example, prices for bauxite Al 40%min Si 5%max declined by USD1-1.5/t to around USD28-28.5/t FOB Malaysia in November. In late 2015, the price may continue to stay at low levels.
A Chinese bauxite importer reported that their purchase price for bauxite Al 40%min Si 5%max slid down by USD1-1.5/t to USD28-28.5/t FOB Malaysia in November. “Aluminum ingot and alumina prices decreased significantly from last month, so we have to lower purchase prices,” said the source.
According to the source, they imported around 3 million tonnes of Malaysian bauxite in October and the volume may decline to 2 million tonnes in November if it is rainy in the second half of this month.
Another bauxite importer in China revealed that they planned to sell 50,000-60,000t of Solomon bauxite in December. “The price for bauxite Al 50%min Si 1%max will be around USD58-60/t CFR China,” said the source, adding that some deals were concluded at USD60-65/t CFR China in the first half of this year.
As the source explained, Chinese alumina market became sluggish recently. In addition, their bauxite costs are low. “The mine site is only around 2-15 kilo meters away from the port,” said the source.
The source pointed out that they own right for several mines in the Solomon Islands. Reserves for bauxite Al 50%min Si1%max reach 27 million tonnes.
A Chinese bauxite importer reported that their purchase price for bauxite Al 40%min Si 5%max slid down by USD1-1.5/t to USD28-28.5/t FOB Malaysia in November. “Aluminum ingot and alumina prices decreased significantly from last month, so we have to lower purchase prices,” said the source.
According to the source, they imported around 3 million tonnes of Malaysian bauxite in October and the volume may decline to 2 million tonnes in November if it is rainy in the second half of this month.
Another bauxite importer in China revealed that they planned to sell 50,000-60,000t of Solomon bauxite in December. “The price for bauxite Al 50%min Si 1%max will be around USD58-60/t CFR China,” said the source, adding that some deals were concluded at USD60-65/t CFR China in the first half of this year.
As the source explained, Chinese alumina market became sluggish recently. In addition, their bauxite costs are low. “The mine site is only around 2-15 kilo meters away from the port,” said the source.
The source pointed out that they own right for several mines in the Solomon Islands. Reserves for bauxite Al 50%min Si1%max reach 27 million tonnes.
Bauxite Guinean 45%min CIF China
Unit:USD/dt
Africa bauxite producers' inventory to production ratio statistics by country by month
Unit: %
