SMM January 23 Brief: Guinea Bauxite Imports Stalemated, Prices May Decline; Domestic Ore Prices Fluctuate

SMM January 23 News:

SMM Brief Comment: Recently, no new transaction prices have been observed for imported bauxite from Guinea, as buyers and sellers remain in a standoff. However, both supplier quotations and the intended prices from bauxite buyers have shown a decline, and it is expected that the prices of imported bauxite from Guinea may experience a certain degree of pullback. The supply fundamentals of domestic bauxite remain relatively tight, providing some price support. However, the significant drop in alumina transaction prices has still stimulated the desire of some domestic ore buyers to bargain down prices. In the short term, domestic ore prices may exhibit a fluctuating trend, and further developments need to be closely monitored.