SMM Bauxite Index
SMM-AL-BA-001USD/dmt
Collect
Sign in to view
Jul 28, 2026
Price Details
View All
Commodity
Aluminum
Location
Yantai Port, Longkou Port, Qingdao Port, etc., China
VAT Rate
-
Definition
CIF China Main Ports (Yantai, Qingdao, Fangcheng Port, etc.）
Partial Price Collection Notes
Overview:According to relevant client feedback, ocean freight rates for bulk carriers from Guinea to China were continuously raised, with quotations at $35 or higher, driving ore prices upward. The rise in ocean freight rates, combined with rising mine costs due to oil prices and the traditional rainy season in Guinea, led to a decline in Guinea-China bauxite shipments, while quotations kept rising. Inventories at domestic alumina refineries remained high, while intended transaction prices stayed low. Overall, the divergence between offer and ask prices in the upstream and downstream of bauxite widened, and the market returned to a bargaining phase. Other non-mainstream ores also saw their quotation ranges consolidating at highs due to cost increases from continuously rising ocean freight rates and oil prices. Based on the gaming state of the bauxite market and the decline in shipments: Today, the CIF quotation for Guinean bauxite was $69-73/mt, with the average price unchanged from the previous trading day; the FOB quotation for Guinean bauxite was $38-40/mt, with the average price unchanged from the previous trading day; the imported bauxite CIF index stood at $70.86/mt, unchanged from the previous trading day.
Trader: Currently, ocean freight rates are quoted at $35 or higher, driving up mine shipping costs and mining costs. Overall, there is still considerable upside room for ore prices.
Upstream: Northern ports quote $72, but overall market acceptance is limited. Going forward, fluctuations in ocean freight rates and shipments need to be monitored.
Trader: The 45/3-grade ore currently appears to remain relatively stable at around $71-72, and the overall market will mainly continue to consolidate at highs.
Upstream: Ocean freight rates pulled back overall, with July shipments expected to decline. The overall market remains relatively optimistic, anticipating supply-demand shifts. Quotations were at $72-73.
Downstream: The ocean freight rate market has experienced a drop, and currently, market divergences remain relatively large. Downstream acceptance of high ore prices is limited, and with ocean freight rates pulling back, overall market trading is cautious.
Trader: Currently, market quotations show significant divergence, and actual communication with factories remains poor. Transaction prices are expected to decline. Shipments have been weak due to the rainy season, resulting in high overall market uncertainty.
Upstream: The ocean freight rate has seen an overall decline, while long-term contract prices overall remained unchanged. The market has already shown a downward trend, with expectations around $70.
Upstream: Currently, downstream factories have limited purchase willingness, and overall it is felt that the upstream and downstream quotation ranges are continuously widening, while the long-term contract situation is also relatively loose.
Trader: Ocean freight rates have been raised, and trader quotations have now reached $73 or higher, but the transaction situation is poor, and the market has returned to a state of gaming
Historical Data
Daily
1 Month
SMM-AL-BA-001
SMM Bauxite Index
Collect
Specification
Sign in to view
Jul 28, 2026
Partial Price Collection Notes
Overview:According to relevant client feedback, ocean freight rates for bulk carriers from Guinea to China were continuously raised, with quotations at $35 or higher, driving ore prices upward. The rise in ocean freight rates, combined with rising mine costs due to oil prices and the traditional rainy season in Guinea, led to a decline in Guinea-China bauxite shipments, while quotations kept rising. Inventories at domestic alumina refineries remained high, while intended transaction prices stayed low. Overall, the divergence between offer and ask prices in the upstream and downstream of bauxite widened, and the market returned to a bargaining phase. Other non-mainstream ores also saw their quotation ranges consolidating at highs due to cost increases from continuously rising ocean freight rates and oil prices. Based on the gaming state of the bauxite market and the decline in shipments: Today, the CIF quotation for Guinean bauxite was $69-73/mt, with the average price unchanged from the previous trading day; the FOB quotation for Guinean bauxite was $38-40/mt, with the average price unchanged from the previous trading day; the imported bauxite CIF index stood at $70.86/mt, unchanged from the previous trading day.
Trader: Currently, ocean freight rates are quoted at $35 or higher, driving up mine shipping costs and mining costs. Overall, there is still considerable upside room for ore prices.
Upstream: Northern ports quote $72, but overall market acceptance is limited. Going forward, fluctuations in ocean freight rates and shipments need to be monitored.
Trader: The 45/3-grade ore currently appears to remain relatively stable at around $71-72, and the overall market will mainly continue to consolidate at highs.
Upstream: Ocean freight rates pulled back overall, with July shipments expected to decline. The overall market remains relatively optimistic, anticipating supply-demand shifts. Quotations were at $72-73.
Downstream: The ocean freight rate market has experienced a drop, and currently, market divergences remain relatively large. Downstream acceptance of high ore prices is limited, and with ocean freight rates pulling back, overall market trading is cautious.
Trader: Currently, market quotations show significant divergence, and actual communication with factories remains poor. Transaction prices are expected to decline. Shipments have been weak due to the rainy season, resulting in high overall market uncertainty.
Upstream: The ocean freight rate has seen an overall decline, while long-term contract prices overall remained unchanged. The market has already shown a downward trend, with expectations around $70.
Upstream: Currently, downstream factories have limited purchase willingness, and overall it is felt that the upstream and downstream quotation ranges are continuously widening, while the long-term contract situation is also relatively loose.
Trader: Ocean freight rates have been raised, and trader quotations have now reached $73 or higher, but the transaction situation is poor, and the market has returned to a state of gaming
Historical Data
1M
3M
6M
1Y
3Y
Sign in to view historical trend
Sign In