Malaysian bauxite owners still watch the market
2017-11-29 08:49:17 [Print]
BEIJING (Asian Metal) 29 Nov 17 - In August, Kuantan of Malaysia declared to ban the bauxite export, and the policy has no change late this month, so owners watch the market continuously. It is expected that Malaysia may not reopen the export until next year after the president election. Prices for bauxite Al 40%min Si 5%max and Al 46%min Si 5%max were around USD27.5/t and USD40/t FOB Malaysia respectively in August.
A bauxite owner in Malaysia reported that they now hold around 50,000t in stock but cannot sell because of the ban. “The ban may not be lifted until early next year,” predicted the source.
Based on the annual capacity of 1 million tonnes, the owner is out of production this year. They exported around 400,000t of bauxite in total this year and the price in August was around USD27.5/t FOB Malaysia for bauxite Al 40%min Si 5%max.
Another bauxite owner in Malaysia confirmed that the export ban policy has no change now. “We are watching the market,” said the source, noting that the government may lift the ban until next year after the president election.
The owner exported around 600,000t of bauxite in total this year and the export price for bauxite Al 46%min Si 5%max in August was around USD40/t FOB Malaysia.
Based on the annual capacity of 2 million tonnes, the owner keeps around 700,000t in stock. Because of the mining ban policy, the owner is also out of production.
A bauxite owner in Malaysia reported that they now hold around 50,000t in stock but cannot sell because of the ban. “The ban may not be lifted until early next year,” predicted the source.
Based on the annual capacity of 1 million tonnes, the owner is out of production this year. They exported around 400,000t of bauxite in total this year and the price in August was around USD27.5/t FOB Malaysia for bauxite Al 40%min Si 5%max.
Another bauxite owner in Malaysia confirmed that the export ban policy has no change now. “We are watching the market,” said the source, noting that the government may lift the ban until next year after the president election.
The owner exported around 600,000t of bauxite in total this year and the export price for bauxite Al 46%min Si 5%max in August was around USD40/t FOB Malaysia.
Based on the annual capacity of 2 million tonnes, the owner keeps around 700,000t in stock. Because of the mining ban policy, the owner is also out of production.
Bauxite Australian Monohydrate 50%min CIF China
Unit:USD/dt
China bauxite producers' operating rate statistics by province by month
Unit: %
