Launch of Bauxite, FOB Guinea price: pricing notice

Following an informal consultation with the market, and a review of typical data sets that are collected over the recent months, Fastmarkets has launched FOB Guinea, bauxite price to provide more price transparency for the world’s largest producing country of the mineral.

Specifications of the price are as below:

MB-BX-0017 Bauxite, FOB Guinea price, $/dmt
Quality: Total alumina 45%; total silica 3%; moisture content 15% max; Fe 27% max; dimension: 200mm lump max
Quantity: 170,000 tonnes
Location: FOB Guinea
Timing: Loading within 60 days forward
Unit: USD per dmt
Payment term: L/C at sight (other payment terms normalized)
Publication: Weekly; Friday 3-4pm, London time
Notes: Bulk carrier; low liquidity measures are applied when necessary

This price will be a 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, fob Guinea, $/dmt”

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.