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Iluka Zircon Reference Price maintained at US$1,580 per tonne for a further 6 months

Aug 22.2019      Source:ruidow

Keywords:zircon price

   According to Iluka Half year report, the zircon and rutile prices were up 19% and 22%, respectively, in H1 2019 while sales volumes were down 31% from H1 2018. The zircon market experienced a slow start to 2019, reflecting usual seasonal patterns, however ongoing trade tensions and political instability has impacted end consumer sentiment and reduced buying activity. High grade titanium markets were strong as pigment producer inventories returned to normal levels and reported capacity utilisation rates were high across most producers. Iluka’s sales for these products (rutile and synthetic rutile) are constrained by production. 

  Zircon Reference Price maintained at US$1,580 per tonne for a further 6 months until 31 March 2020,Iluka foreshadowed in the June Quarterly Review that market conditions for Zircon were difficult. The business expected zircon sales to be second half weighted however sales volumes are now expected to be at the lower end of expectations, with second half sales volumes similar to the first half.

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