Luoyang Benteng resumes calcined bauxite production
2024-03-07 08:23:54 [Print]
BEIJING (Asian Metal) 7 Mar 24 - As a major calcined bauxite producer from Henan, Luoyang Benteng refractory material Co., Ltd., resumed their calcined bauxite production since 27th February and they plan to produce about 1,000t in March.
"Due to the sluggish market demand and the tight bauxite crude supply, we halted production by the end of January and start the Chinese lunar New year holiday. As market demand turns warm, we resumed since late February", a source in the company discloses, noting that they plan to produce about 1,000t this month.
Having an annual production capacity of 50,000t, they produced about 15,000t in the year of 2022, and they produced about 7,000t last year due to the bauxite crude supply shortage. Currently they hold an inventory of almost 500t.
The mainstream prices of calcined bauxite 85%min 1-3mm Fe2O3 2%max K2O+Na2O 0.45%max B.D. 3.0min currently hover at RMB2,350-2,450/t (USD321-335/t) EXW D/P in Henan, unchanged from early this week. As most producers predict to hold prices unmoved, insiders hold the belief that the mainstream prices of Chinese calcined bauxite would keep flat in the week to come.
"Due to the sluggish market demand and the tight bauxite crude supply, we halted production by the end of January and start the Chinese lunar New year holiday. As market demand turns warm, we resumed since late February", a source in the company discloses, noting that they plan to produce about 1,000t this month.
Having an annual production capacity of 50,000t, they produced about 15,000t in the year of 2022, and they produced about 7,000t last year due to the bauxite crude supply shortage. Currently they hold an inventory of almost 500t.
The mainstream prices of calcined bauxite 85%min 1-3mm Fe2O3 2%max K2O+Na2O 0.45%max B.D. 3.0min currently hover at RMB2,350-2,450/t (USD321-335/t) EXW D/P in Henan, unchanged from early this week. As most producers predict to hold prices unmoved, insiders hold the belief that the mainstream prices of Chinese calcined bauxite would keep flat in the week to come.
