Following a consultation period, which closed on January 14, Fastmarkets will increase the frequency of its MB-BX-0016 Bauxite, cif China, price assessment to a weekly basis, from a monthly basis. Fastmarkets will also extend the timing of the price to include cargoes for arrival within 90 days and move the publishing time to 7pm Shanghai time on Friday.
This more frequent assessment will enable Fastmarkets to reflect market dynamics in a more timely manner, as well as capture more spot liquidity.
MB-BX-0016 Bauxite, cif China, $ per dmt
Quality: Total alumina 50%; total silica 5%; Fe 20% max; moisture content 7% min, 10% max; organic carbon 0.15% max
Quantity: Min 40,000 tonnes
Location: CIF China
Timing: Arrival within 90 days forward
Unit: USD per dmt
Payment terms: LC (other payment terms normalized)
Publication: Weekly, Friday, 7pm Shanghai time
Notes: Bulk carrier; accepted origins – Guinea, Australia, Indonesia
This price is part of the Fastmarkets base metals price package.
To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact pricing@fastmarkets.com and basemetals@fastmarkets.com. Please add the subject heading “re: bauxite, cif China price.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.
