Indonesia's Bauxite Export Ban Will Cause Little Disturbance To Chinese Alumina Production, But Costs Will Hardly Fall

Đã xuất bản: Jun 14, 2023 13:03
Nguồn: SMM
SHANGHAI, Jun 13 (SMM) – Indonesia did not export bauxite to China in April, and the Indonesian government announced that it would officially implement bauxite export ban from June 10, 2023.

SHANGHAI, Jun 14 (SMM) – Indonesia did not export bauxite to China in April, and the Indonesian government announced that it would officially implement bauxite export ban from June 10, 2023. In response to Indonesia’s export ban, a few Chinese alumina refineries have reduced production, while others have basically found new sources of bauxite. As such, this policy will barely disturb the stability of domestic alumina production. However, the export ban is expected to keep bauxite prices at a high level, which will hurt the profit margins of Chinese alumina refineries for a long period of time.

Bauxite imports in April  

Country

Import volume (mt)

MoM

YoY

Guinea

8.87 million

+0.5%

+52.3%

Australia

2.86 million

+36.6%

-8.5%

Brazil

152,000

+77.25%

No imports in April 2022

Total

11.997 million

-0.4%

+7.8%

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Indonesia's Bauxite Export Ban Will Cause Little Disturbance To Chinese Alumina Production, But Costs Will Hardly Fall - Shanghai Metals Market (SMM)