Ore: As of June 17, the SMM imported bauxite index was reported at USD 74.06 per tonne, up USD 0.01 per tonne from the previous trading day, mainly due to a decline in caustic soda prices in Shandong. The SMM Guinea bauxite CIF average price was reported at USD 74.5 per tonne, unchanged from the previous trading day. The SMM Australian low-temperature bauxite CIF average price was reported at USD 70 per tonne, unchanged from the previous trading day. The SMM Australian high-temperature bauxite CIF average price was reported at USD 65 per tonne, unchanged from the previous trading day.
Basis Report: According to SMM data, on June 17, the SMM alumina index had a premium of RMB 357.89 per tonne against the latest transaction price of the most-traded contract at 11:30.
Warrant Report: On June 17, the total registered alumina warrants decreased by 17,134 tonnes from the previous trading day to 63,000 tonnes. In Shandong, the total registered alumina warrants remained unchanged at 601 tonnes from the previous trading day. In Henan, the total registered alumina warrants remained unchanged at 300 tonnes from the previous trading day. In Guangxi, the total registered alumina warrants remained unchanged at 3,001 tonnes from the previous trading day. In Gansu, the total registered alumina warrants remained unchanged at 0 tonnes from the previous trading day. In Xinjiang, the total registered alumina warrants decreased by 17,134 tonnes from the previous trading day to 59,100 tonnes.
