Bauxite Pricing Trend and Forecast
Bauxite Pricing Trend and Forecast
ChemAnalyst
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Due to consistent demand from the Aluminium sector, Bauxite Pricing in North America increased throughout the third Quarter of 2022. At the termination of Q3 of 2022, the local market had limited supply and strong demand because of port congestion at the container terminals of the US west coast and high inflationary costs pressure on the commodity market amid a rise in the upstream energy values. The prices were also impacted by the increasing demand from the downstream industries, including metallurgy and chemical industries. Meanwhile, traders indulged in making sales at high-profit margins by passing the cost burden to the customers in the domestic market.
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