Mysteel: Guinea bauxite prices edge higher on low spot supply

As of August 29, Mysteel's daily assessment for Guinea bauxite (Al:45%,Si:3%) was $74.5/dmt, rising $0.5/dmt from a week ago. The assessment for Australia bauxite (Al:50%,Si:6.5%) remained flat at $69/dmt.

China's domestic bauxite supply remained constrained by the wet season and environmental policy, supporting prices at high levels. Market participants are optimistic about the supply and stability of bauxite in Shanxi after policy adjustments, but it is unlikely to see significant improvement in the short term. In terms of seaborne