China¡¯s Australian bauxite imports surge

China Customs data show China imported 6.15 million mt of bauxite in May, down 2.04% YoY. YTD imports through May totaled 26.72 million mt, up 9.30% YoY. China imported 3.775 million mt of bauxite from Indonesia in May, down 30.9% YoY. YTD imports from Indonesia through May were 17.39 million mt, also down 14.7% YoY. China’s imports of Australian bauxite, however, surged 99.02% YoY to 1.41 million mt in May, and during the first five months of the year grew 50.24% YoY to 5.42 million mt. Imports by Shandong Weiqiao Pioneering Group alone accounted for 51% of total imports.

SMM believes Indonesia’s restrictions on raw ore exports and higher requirements for importers are the main reasons behind the decline in China’s Indonesian bauxite imports. This trend will continue until the Indonesian government loosens restrictions on bauxite exports.

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