Proposal to launch bauxite cif China price assessment, discontinue fob bauxite prices

Fastmarkets proposes to launch a bauxite cif China price and discontinue its existing fob Guinea and Brazil prices to better reflect changing market preferences.

The existing bauxite prices are on an fob basis, and following preliminary market feedback, a cif price would allow for a greater volume of data to be collected and better reflect the current market preference.

The proposed price specification is as follows:

Bauxite, cif China, $/dmt
Quality: Total alumina 48.5% min, 53% max; total silica 1.20% min, 2.10% max; reactive silica 3.2% max; Fe 22% max; Ti 4% max; organic carbon 0.15% max; moisture content 5.5% min, 7.5% max.
Quantity: Minimum 20,000 tonnes
Location: cif China
Timing: Within 2 months
Unit: USD per dry metric tonne
Payment: 30 days after loading. (other payment terms normalized)
Publication: Monthly. Third Thursday of the month, 3-4pm London time
Notes: Bulk carrier; accepted origins – Guinea, Australia, Indonesia, Brazil

It is proposed that the price be in a range rather than a single number to better reflect the market level, with a monthly publication time of 3-4pm London time to align with Fastmarkets’ other alumina prices.

Fastmarkets welcomes market feedback on other origins that could be accepted for this price.

Fastmarkets is also proposing to discontinue the existing fob bauxite prices for Guinea (MB-BX-0014) and Brazil (MB-BX-0015) prices, if the launch of the cif China bauxite price goes ahead.

The consultation period for this proposed launch/discontinuation starts on April 22 and will end on May 20.

The launch/discontinuation will take place, subject to market feedback, on June 16.

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 Carrie Bone by email at Please add the subject heading ‘FAO: Carrie Bone re: bauxite cif China’.

To see all Fastmarkets’ pricing methodology and specification documents go to

What to read next
The publication of Fastmarkets’ MB-CO-0004 cobalt alloy grade, in-whs Rotterdam and MB-CO-0005 cobalt standard grade, in-whs Rotterdam assessments for Friday July 12 were delayed because of a technical error. Fastmarkets’ pricing database has been updated.
Feedback was received during the consultation period of an immaterial nature that would not impact the result of price assessments. Therefore, while no material changes will be made to the methodologies at this stage, clarification indicating that the Effective List price treats changes in annually established discounts during the year as changes in the price. […]
Fastmarkets is inviting feedback from the industry on the pricing methodology for European Packaging Paper and Board as part of its announced annual methodology review process. This consultation, which is open until August 31, 2024 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization […]
In the methodology price specifications, the shorter names PIX Testliner GCC and PIX Fluting GCC will be used instead of PIX Containerboard Testliner Delivered GCC USD/tonne and PIX Containerboard Fluting Delivered GCC USD/tonne. No other changes have been made to the index methodology. For comments and queries, please email, indicating “PIX Packaging GCC” in […]
Fastmarkets advises that, as of Wednesday July 10, certain monthly North American ferrous scrap assessments had yet to be settled.
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday July 8 due to an error.