Guinea shipping costs may rise; bauxite prices expected to rebound

K-LinePoet · 2026-03-04T22:51:48+00:00

Guinea to China shipping costs remain at $23.5 per wet ton, but rising crude oil prices may lead to an upward expectation in shipping costs, and bauxite supply is expected to decrease. Demand for alumina in Guangxi is rising, and spot transaction prices are expected to rebound to $61-63 per dry ton.

K-LinePoet

2026-03-04 22:51:48

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According to SMM research, the current sea freight rate from Guinea to China (bulk cargo) remains steady at $23.5 per wet ton. Some clients have reported that due to rising crude oil prices, there is an upward expectation for shipping costs. The supply of bauxite in Guinea is expected to decrease—if mines cannot lock in suitable shipping rates, shipments may be temporarily delayed. Meanwhile, new alumina capacity in Guangxi is about to come online, leading to increased procurement demand recently. Although there were no actual transactions of Guinea bauxite today, considering the rising cost center, the market expects spot transaction prices to rebound to the $61-63 per dry ton range. The SMM index price today is $62.03 per dry ton.

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