Yangquan Hongtairui to stop calcined bauxite production
2024-05-01 09:38:18 [Print]
BEIJING (Asian Metal) 1 May 24 – As a calcined bauxite producer from Shanxi, Yangquan Hongtairui Refractory Materials Co., Ltd., plans to stop the production of calcined bauxite within two weeks and they produced about 1,000t this month.
"Due to the tight bauxite supply and thin profit, we plan to stop production in mid-May after we consumed the bauxite inventory and only keep processing line", a source in the company revealed, noting that they produced about 1,000t in April.
The company, having an annual production capacity of 30,000t, produced about 6,000t last year, expecting to produce about 10,000t this year. They hold about 300t in stock at present.
Currently the mainstream prices of calcined bauxite 85%min 1-3mm Fe2O3 1.5%max K2O+Na2O 0.4%max B.D. 3.3min stand at RMB2,450-2,550/t (USD342-356/t) Ex-VAT EXW D/P in Yangquan, in line with late last week. Despite the dim end market, supported by the tight bauxite supply, they estimate that the mainstream prices of Chinese calcined bauxite would stay stable in the coming week.
"Due to the tight bauxite supply and thin profit, we plan to stop production in mid-May after we consumed the bauxite inventory and only keep processing line", a source in the company revealed, noting that they produced about 1,000t in April.
The company, having an annual production capacity of 30,000t, produced about 6,000t last year, expecting to produce about 10,000t this year. They hold about 300t in stock at present.
Currently the mainstream prices of calcined bauxite 85%min 1-3mm Fe2O3 1.5%max K2O+Na2O 0.4%max B.D. 3.3min stand at RMB2,450-2,550/t (USD342-356/t) Ex-VAT EXW D/P in Yangquan, in line with late last week. Despite the dim end market, supported by the tight bauxite supply, they estimate that the mainstream prices of Chinese calcined bauxite would stay stable in the coming week.
