China sees a further increase in seaborne bauxite prices

Mysteel raised the daily assessment for Guinea bauxite CIF China to $73/dmt on May 30, up $1/dmt from the previous day, and rising $3.5/dmt from early this year.

China's domestic bauxite supply in Shanxi and Henan keeps rising driven by restarts of mines. However, the progress remains slow and the increment in bauxite supply is not enough to support local refineries to ramp up production. So we observed a strong demand and consumption of seaborne bauxite in