[SMM News] Henan bauxite prices rose again in June.

Published: Jun 4, 2019 17:45

Save

SMM, June 4 / PRNewswire-Asianet /-

According to SMM, due to the recent re-entry of environmental inspection teams in Henan, bauxite supply has shrunk significantly, and local bauxite prices have risen again by 20 to 40 yuan per ton.

Among them, the bauxite price of bauxite in Zhengzhou and its surrounding areas rose by 20 yuan per ton to 477 yuan per ton in June, based on the ore taste of 4.8 percent of aluminum to silicon and 58 percent of alumina content.

In Sanmenxia area, the ratio of aluminum to silicon is 4.0, and the price of bauxite with 56% alumina content without tax increases by 10-40 yuan / ton to 320-350 yuan / ton. The aluminum-silicon ratio is 5.0, and the bauxite with 58% aluminum content does not contain tax, and the factory price increases by 30 yuan / ton to 506 yuan / ton.

Historical data reference website: data.smm.cn (login and download after registration)

SMM aluminum industry package contact 021 51666971 Wang Xia Yan manager

Output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

17 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

17 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

17 hours ago