"Spot imported bauxite prices had risen to nearly $80 per dry...

"Spot imported bauxite prices had risen to nearly $80 per dry tonne versus $70 to $75 in September and $60 in August, due to strong Chinese demand and high freight costs, traders said.

One trader said some term Indonesian bauxite for 2008 shipments to China had been set at about $18, based on free-on-board, versus around $17 this year.

When delivered to Chinese ports, the 2008 term price would rise above $70, based on current freight charges, compared with about $44 for term shipments this year."

http://in.reuters.com/article/asiaCompanyAndMarkets/idINHKG9455520071113?pageNumber=3&virtualBrandChannel=0