Calcined bauxite market report October 2012
2012-11-21 14:44:01 【Print】
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In October, calcined bauxite market moved slowly as steel industry was still in lackluster
In the later of October, the price of license was pushed up as some traders and producers ran out of quotas. Accordingly, the export price went up because of the increase of the license.
. The supply of bauxite ore was still tight as China banned private mining, which drove the bauxite ore price up slightly, but calcined bauxite producers could not pass this along to the downstream consumers as the demand was weak . With18th National Congress approaching, shaft-kiln producers were not allowed to operate furnaces due to heavy pollution, and the price of shaft-kiln calcined bauxite surged . Export market was flat as most overseas consumers delayed purchases with an expectation of the price drop next year when China government would abandon the quota system of calcined bauxite.In the later of October, the price of license was pushed up as some traders and producers ran out of quotas. Accordingly, the export price went up because of the increase of the license.