Chinese Imported Bauxite Market Deficit Not Expected to Last
December 20, 2019
KEY MESSAGES
BAUXITE
1. Chinese imported bauxite market turns into deficit for the first time in a year.
2. China’s imported bauxite deficit may result to be only temporary as it is related to a decline in bauxite shipments from Guinea due to rainy season delaying mining output and bauxite transportation.
3. Indeed, Chinese imported bauxite inventories remain at healthy levels and imported bauxite prices have continued to decline.
4. Bauxite prices have declined this year despite increasing demand.
ALUMINA
1. HARBOR sees Australia alumina prices in a bottoming-out process.
More details in full report.