SMM, December 29:
According to data from December 27, the weekly port arrivals of domestic bauxite totaled 3.66 million mt, an increase of 637,900 mt compared to the previous week. The weekly port departures of bauxite from Guinea's main ports totaled 3.2006 million mt, an increase of 162,000 mt compared to the previous week. The weekly port departures of bauxite from Australia's main ports totaled 1.1807 million mt, an increase of 448,400 mt compared to the previous week.
With the impact of the rainy season lifted, domestic bauxite port arrivals rebounded. In December, the average weekly port arrivals of domestic bauxite were 3.428 million mt/week, an increase of 241,700 mt/week compared to November's 3.1863 million mt/week.
The supply of imported bauxite increased slightly, and domestic port bauxite inventory saw a modest rebound. As of December 27, according to SMM, the total bauxite inventory at nine domestic ports was 14.84 million mt, up by approximately 700,000 mt from the early December low of 14.14 million mt. However, due to the persistent supply and demand gap in the bauxite market, port inventories have not experienced significant inventory buildup and are likely to remain at low levels in the short term. Bauxite prices may fluctuate upward in the short term.
(The above information is based on market data collection and comprehensive evaluation by the SMM research team. The information provided herein is for reference only and does not constitute direct investment research advice. Clients should make decisions cautiously and not replace independent judgment with this information. Any decisions made by clients are unrelated to SMM.)
Data source: SMM Click on the SMM industry database for more information
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