Seaborne bauxite prices see downward pressure amid high port inventory

As of July 29, Mysteel's daily assessment for Guinea bauxite (Al:45%,Si:3%) was $73/dmt, unchanged from a week ago, but down $1/dmt from a month ago. The assessment for Australia bauxite (Al:50%,Si:6.5%) remained flat at $69/dmt.

Seaborne bauxite prices remained flat last week. Despite increasing spot trades, the transaction prices mostly showed no changes in the trend. On the supply side, we observed a visible WoW increase in the shipments in Guinea last week. However, it's still at a low level due to the impact