The domestic bauxite market remained stable this week. As of today, the transaction price for bauxite with an Al/Si ratio of 5.0 and alumina content of 60 per cent in Shanxi, excluding VAT and for self-pick-up at crushing plants, was around RMB 600-640 per tonne. In Henan, the transaction price for bauxite with an Al/Si ratio of 5.0 and alumina content of 60 per cent, excluding VAT and for self-pick-up at crushing plants, was approximately RMB 550-590 per tonne. In Guizhou, the transaction price for bauxite with an Al/Si ratio of 5.5 and alumina content of 58 per cent, excluding VAT and for self-pick-up at crushing plants, was RMB 440-480 per tonne. In Guangxi, the transaction price for bauxite with an Al/Si ratio of 6.0 and alumina content of 53 per cent, excluding VAT and for self-pick-up at crushing plants, was RMB 320-335 per tonne.
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Imported bauxite:
According to data on April 18, the weekly total bauxite arrivals at domestic ports were 4.2039 million tonnes, a decrease of 1.5102 million tonnes W-o-W. The weekly total bauxite departures from main ports in Guinea were 3.3155 million tonnes, a decrease of 672,000 tonnes W-o-W. The weekly total bauxite departures from main ports in Australia were 646,100 tonnes, a decrease of 435,400 tonnes W-o-W.
In terms of prices, a small number of bauxite transactions were inquired about this week. At the beginning of the week, the inquired transaction price was around USD 85-86 per tonne. Later in the week, the inquired transaction price further decreased, equivalent to approximately USD 80 per tonne for standard grade (45 per cent alumina content, 3 per cent silicon dioxide content). The SMM imported bauxite CIF index price decreased by USD 5.6 per tonne W-o-W to USD 83.11 per tonne. The Guinea bauxite CIF price decreased by USD 5 per tonne W-o-W to USD 83 per tonne.
SMM Brief Review: Overall, bauxite prices are expected to remain under pressure in the short term. Concentrated alumina maintenance and production cuts have led to a decline in operating capacity, reducing the demand for bauxite. Coupled with the loss of pressure on alumina enterprises, some companies have shown a more obvious tendency to drive down bauxite purchasing prices.
Under the surplus pressure of bauxite, sellers' offers have also decreased to varying degrees. Recently, some offers of USD 75-80 per tonne have been reported in the market, and whether they are transacted remains to be further verified. In the short term, bauxite prices are expected to show a downward trend.
Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
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