Bauxite Market Update: Price Fluctuations and Market Dynamics
Table of Contents
- 1. Bauxite Market Update: Price Fluctuations and Market Dynamics
- 2. Regional Price Trends
- 3. Imported Bauxite Market: A Tug-of-war Between Supply and Demand
- 4. Market Outlook: Volatility and Adjustment
- 5. What factors do you think will ultimately tip teh balance in the bauxite market?
- 6. Bauxite Market Update: Insights from Industry Expert
- 7. Regional Price Trends: Divergent Paths
- 8. Imported Bauxite: Caught in a Supply-Demand Tug-of-War
- 9. Market Outlook: Volatility and Adjustment Ahead
The domestic bauxite market experienced steady conditions this week, with regional price variations reflecting differing supply and demand factors.
Regional Price Trends
- In Shanxi, bauxite with an Al/Si ratio of 5.0 and alumina content of 60% fetched approximately RMB 640-670 per tonne.
- Henan saw prices for similar-grade bauxite range from RMB 570-610 per tonne.
- Guizhou offered bauxite with an Al/Si ratio of 5.5 and alumina content of 58% at RMB 510-550 per tonne.
- Guangxi’s market priced bauxite with an Al/Si ratio of 6.0 and alumina content of 53% at RMB 320-335 per tonne.
Imported Bauxite Market: A Tug-of-war Between Supply and Demand
Imported bauxite faced downward pressure due to declining spot alumina prices. Alumina refineries have lowered their acceptance of high-priced bauxite,with buyers currently rejecting Guinean bauxite priced above USD 100 per tonne.
Despite supplier quote reductions, the newly commissioned alumina capacity and rigid demand for alumina production have fueled price resistance among suppliers. This ongoing struggle between buyers and sellers creates a volatile short-term outlook for imported bauxite prices.
Market Outlook: Volatility and Adjustment
“Alumina prices have dropped significantly, putting downward pressure on bauxite prices this week. however, the tug-of-war between buyers and sellers persists, with a important gap in spot market quotes for imported bauxite. Suppliers remain firm on their prices,making a substantial decline in bauxite prices challenging in the short term. In the near term, bauxite prices may enter a phase of volatile adjustment,”
notes SMM analysts.
As the bauxite market navigates this dynamic environment,close monitoring of alumina prices,production capacity expansions,and buyer sentiment will be crucial for anticipating future price trends.
What factors do you think will ultimately tip teh balance in the bauxite market?
Bauxite Market Update: Insights from Industry Expert
The domestic bauxite market experienced steady conditions this week, with regional price variations reflecting differing supply and demand factors. Archyde spoke with Ms. Li Wei, Senior Analyst at China Metals Market, to gain deeper insights into these trends.
Regional Price Trends: Divergent Paths
“We’re seeing some captivating regional price disparities in domestic bauxite,” Ms. Li explained. “Shanxi, known for higher-grade ore, saw prices ranging from RMB 640-670 per tonne for bauxite with an Al/Si ratio of 5.0 and alumina content of 60%. Meanwhile, Henan’s prices hovered around RMB 570-610 per tonne for similar-grade bauxite. Interestingly, Guizhou, despite offering slightly lower-grade ore, saw prices at RMB 510-550 per tonne, while Guangxi, with the lowest grade, fetched RMB 320-335 per tonne.
Imported Bauxite: Caught in a Supply-Demand Tug-of-War
“Imported bauxite faces downward pressure due to declining spot alumina prices,” Ms. Li noted. “Alumina refineries are becoming more selective, rejecting Guinean bauxite priced above USD 100 per tonne. despite supplier quote reductions,newly commissioned alumina capacity and robust demand for alumina production are fueling resistance among suppliers. This creates a volatile short-term outlook for imported bauxite prices, with buyers and sellers locked in a tug-of-war.”
Market Outlook: Volatility and Adjustment Ahead
“Alumina prices have dropped substantially, putting downward pressure on bauxite prices this week. Though, the tug-of-war between buyers and sellers persists, with a notable gap in spot market quotes for imported bauxite. Suppliers remain firm on their prices, making a ample decline in bauxite prices challenging in the short term. In the near term, bauxite prices may enter a phase of volatile adjustment,” Ms. Li concluded.
“Close monitoring of alumina prices, production capacity expansions, and buyer sentiment will be crucial for anticipating future price trends in this dynamic market,” she added.
What factors do you think will ultimately tip the balance in the bauxite market? Share your thoughts in the comments below.
