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The impact of the unexpected incident in Guinea on market sentiment has eased. SMM imported bauxite index prices rose slightly. [SMM Bauxite Weekly Review]

iconMay 29, 2025 14:13
Source:SMM

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SMM News on May 29:

Domestic bauxite market:

The domestic bauxite market remained calm this week, with stable operations prevailing.

As of today, in Shanxi, the transaction price for bauxite with an Al/Si ratio of 5.0 and 60% alumina content, excluding VAT, for self pick-up at the crushing plant, was approximately 580-620 yuan/mt; in Henan, the transaction price for bauxite with an Al/Si ratio of 5.0 and 60% alumina content, excluding VAT, for self pick-up at the crushing plant, was around 550-590 yuan/mt; in Guizhou, the transaction price for bauxite with an Al/Si ratio of 5.5 and 58% alumina content, excluding VAT, for self pick-up at the crushing plant, was 410-450 yuan/mt; in Guangxi, the transaction price for bauxite with an Al/Si ratio of 6.0 and 53% alumina content, excluding VAT, for self pick-up at the crushing plant, was 320-335 yuan/mt.

Imported bauxite market:

According to data from May 23, the total weekly bauxite arrivals at domestic ports were 4.4826 million mt, an increase of 698,200 mt from the previous week; the total weekly bauxite port departures from main ports in Guinea were 3.7755 million mt, an increase of 175,700 mt from the previous week; the total weekly bauxite port departures from main ports in Australia were 1.1924 million mt, an increase of 200,500 mt from the previous week.

In terms of prices, the impact of the Guinea bauxite mining rights incident on market sentiment gradually eased this week, and transaction prices did not rise further. As of Thursday this week, the CIF price of Guinea bauxite was reported at $74/mt, an increase of $2/mt from last Thursday. Influenced by the concentration of Guinea bauxite transaction prices around $73-75/mt, the SMM imported bauxite index rose. As of Thursday this week, the SMM imported bauxite index was reported at $74.11/mt, an increase of $1.97/mt from last Thursday.

SMM Commentary:There has been no progress in the Guinea bauxite mining rights incident, and bauxite suppliers are not strongly inclined to sell at low prices. However, the operating capacity of alumina has not yet seen a significant rebound. In the short term, the fundamental situation of the bauxite market is expected to remain in a surplus, with general intentions to purchase bauxite at high prices. In the short term, imported bauxite prices are expected to enter a phase of volatile adjustment. Close monitoring of Guinea's supply situation will be necessary in the future.

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