Mysteel: Escalating supply disruptions in Guinea likely to trigger a rebound of seaborne bauxite prices

As of May 19, Mysteel's daily assessment for Guinea bauxite (Al:45%,Si:3%) was $70/dmt, unchanged from a week ago, but down $45/dmt from the peak in mid-Jan, and the assessment for Australia bauxite (Al:50%,Si:6.5%) was $70/dmt, unchanged from a week ago, and down $27/dmt from the peak.

Seaborne bauxite prices extended losses last week amid subdued demand in China. Despite the rally of alumina prices since the second half of April, China's alumina producers have not changed their weak appetite for seaborne raw materials amid thin margins and decreased demand after production cuts. Besides, a sufficient