Mysteel: China' seaborne bauxite prices up on rising demand and alumina price surge

As of Oct 16, Mysteel's daily assessment for Guinea bauxite (AL:45%,SI:3%) was $79/dmt CIF China, up $3/dmt from a month ago, and $10.5/dmt higher than the same period last year. The assessment for Australia bauxite (AL:50%,SI:6.5%) was $69/dmt CIF China, unchanged from a month ago, but rising $15/dmt on year.

The shortage of China's domestic bauxite has not eased, as the operating rate of mines in major producing regions remained low affected by policies and safety inspections. With the heating season approaching, mining activities in Shanxi and Henan will be affected by the restrictions during heavy pollution periods. The consistent