China bauxite imports soared in July on rapid alumina capacity expansions

China’s appetite for imported bauxite grew significantly in July due to rapid expansions in the country’s alumina capacity, observed Shanghai Metals Market (SMM). Bauxite imports hit 5.06 million tonnes in July, up 63.52% year-on-year and 25.26% month-on-month, customs data showed.

China imported 2.28 million metric tonnes (mt) of bauxite from Malaysia in July, 45.07% of national imports due to price attractiveness of Malaysian ore. China’s imports of Malaysian bauxite might surpass 17 million mt this year, well above forecast made early this year.

Malaysian bauxite continued to gain favor thanks to its price attractiveness. Malaysia shipped 2.28 million tonnes of bauxite to China in July, 45.07% of China’s total imports. Average CIF price of Malaysian bauxite was $46.3 per tonnes, 16.37% lower than Australian ore and 23.38% lower than Indian ore.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.