Bauxite price in Shanxi flaunts a rise of RMB10/t after two months; Alumina price resumes from a week-long break with an RMB8/t hike

The imported bauxite price has marked a rise of US$1.29 per tonne on October 9 to start the week at RMB 69.66 per tonne. The price of imported bauxite from Guinea has grown slightly by US$0.50 per tonne to stand at US$69 per tonne, with average prices likely to range between RMB 68-70 per tonne.

China’s domestic average alumina spot price has neither shied away from flaunting a growth of RMB 8 per tonne to kick-start the week at RMB 2,961 per tonne, found SMM. In Shanxi and Guangxi, the alumina price has increased by RMB 10 per tonne to settle at RMB 2,980 per tonne, while the price in Guizhou stands at RMB 2,940 per tonne gaining RMB 10 per tonne.