China`s July bauxite imports plunge 52% on year to 3.1 mil mt
Source: www.chinamining.org Citation: Platts Date: August 25, 2014
China`s bauxite imports plunged 52.3% to 3.1 million mt in July from 6.5 million mt in July 2013, latest General Administration of Customs data showed Friday, August 22.
The July total was up 5.7% from the month before.
Bauxite imports over January-July totaled 22.8 million mt, down a sharp 42.3% year on year.
Imports have fallen since Indonesia imposed a ban on mineral ore exports on January 12. Many Chinese buyers had stockpiled ahead of the ban.
Indonesia was China`s top supplier of bauxite before the ban was imposed, accounting for about 70% of its total imports.
There was no record of bauxite being imported to China from Indonesia in July, compared with 4 million mt of imports in the same month of 2013.
Over January-July, China`s bauxite imports from Indonesia totaled 8.8 million mt, down 65.8% from 25.7 million mt in the same period a year earlier.
China`s importers have been increasing supply from other regular suppliers as well as actively seeking new supply sources since Indonesia`s export ban was imposed.
Imports from Malaysia totaled 226,692 mt in July, sharply higher than China`s total bauxite imports from Malaysia over full year 2013 at 156,140 mt and full year 2012 at 196,598 mt.
Over January-July 2014, China`s bauxite imports from Malaysia totaled 429,689 mt.
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