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Bauxite market supply tight and price rocketing
2008-4-7 13:36:35
BEIJING (Asian Metal) 7 Apr 08 – As Chinese government will forbid some polluting enterprises around Beijing for 600 kilometers, the bauxite production is expected to be stopped in the following month. On hearing of the rumor, consumers are trying their best to stock up enough inventories for the production in June and July. Therefore, the prices rise sharply for the moment, which from RMB1,100-1,300/t (USD157-186/t) ex works VAT excluded.
Asianmetal(English) http://www.asianmetal.com E184
A Henan-based consumer, with a consumption of 2,000tpm of refractory grade bauxite, reported that they couldn’t get the material if he didn’t come to the smelters by himself. The offers for bauxite sands 10-30mm body density 3.3g/mm3 88%min at RMB1,250/t (USD179/t) ex works VAT excluded this week. “But I think the price will rise further and may break RMB1,500/t in the near future,” said the source. “The supply is very tight, for there are many buyers come to Shanxi with a large purchase volume,” said the source.
Asianmetal(English) http://www.asianmetal.com NXZA
Meanwhile, the source can’t get enough materials as in the orders. “Usually we can purchase bauxite about 1,000t for one time, but now we only get 500t from the suppliers in one order,” said the source. “We have to purchase the material continuously.”
Asianmetal(English) http://www.asianmetal.com 4H38
Another consumer from Sichuan, with a consumption of more than 10,000tpy of bauxite, booked a batch of bauxite 87%min body density 3.28 g/mm3 at RMB1,700-1,800/t (USD242-257/t) delivered from Shanxi half a month ago, but the source didn’t get the materials at press time. “We have made payment at that time,” said the source.
Asianmetal(English) http://www.asianmetal.com I777
“The business is more and more difficult to do,” said the source. In order to continue the production in the following months, the source has to stock up the materials in advance, according to the source.
Asianmetal(English) http://www.asianmetal.com 2CF5
As for the market in future, the source is prudent to make prediction, for they get smaller profits though the products prices keep rising.
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