Mysteel: Seaborne bauxite prices rise further on elevated costs

On August 12, Mysteel's daily assessment for Guinea bauxite (Al:45%,Si:3%) was $71/dmt, up $1.5/dmt from a month ago. The assessment for Australian bauxite (Al:50%,Si:6.5%) rose by $2.5/dmt MoM to $66.5/dmt.

Guinean bauxite prices edged up further last week, validated by spot transactions. On the supply side, although Guinean weekly shipments last week posted a notable week-on-week and year-on-year increase, this recovery is unlikely to prove sustainable given the impact of the rainy season and high freight costs. China's demand