INTL AL CONF: China import bauxite price to rise but domestic alumina market adds uncertainty - Fastmarkets analyst
Published: Wednesday, 23 September 2020
Factors including an improving oil price and increased demand will support a recovery in the cif China bauxite price in the second half of this year but market participants should keep a close eye on the effect of a weakening domestic alumina price, Fastmarkets aluminium analyst Yang Cao said on Monday September 21.
By Hui Li
"In the first half of 2020, the price of Chinese imported
bauxite was quite low as the freight rate was dragged down by
the plunging oil price. In the second half of the year, we
expect the freight rate to increase on the back of recovering