Mysteel: China's bauxite prices down further amid thin trade

Mysteel lowered the assessment of Guinean bauxite (AL: 45%, SI: 3%) to $95/dmt last week, down $4/dmt from the previous week, and the assessment of Australian bauxite (AL: 50%, SI: 6.5%) remained flat at $86/dmt.

China's domestic bauxite prices are still facing downward pressure. While March long-term contract negotiations have mostly not started, the price decline has been confirmed. Bauxite supply in northern regions remained low, and it is expected to see some increase after "Two Sessions" . In terms of imported bauxite, Guinea's production