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09 2020
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Iluka sales improve in third quater

Oct.19 2020      Source:ruidow

Keywords:titanium

Total zircon, rutile, synthetic rutile (Z/R/SR) production in the September quarter was 135 thousand tonnes, in line with June quarter Z/R/SR production (135 thousand tonnes). 

- Zircon production in the September quarter was 32 thousand tonnes, down 24% from the June quarter largely due to deferral into October of zircon-in concentrate (ZIC) shipments, the production of which is recognised upon sale. 

- Third quarter rutile production of 48 thousand tonnes increased 38% from the previous quarter reflecting modest improvement in SRL production rates and increased production of Cataby rutile which was being campaigned during the quarter. 

- The synthetic rutile kiln feed rate was lowered in the quarter for production of 55 thousand tonnes (Q2 2020: 58 thousand tonnes). 

• Zircon sales continued to improve in the third quarter to 63 thousand tonnes, up 18% from June quarter and up 22% from September quarter 2019. Customers’ plant operating rates remain lower than previous years across various end use industries however there are indications of modest improvement across key markets. 

• Rutile sales were 34 thousand tonnes in September quarter, up 23% from the June quarter. 

• Synthetic rutile sales of 12 thousand tonnes in September quarter were down 68% from June quarter reflecting a contractual dispute and reduced offtake by synthetic rutile customers as previously disclosed.

• Zircon prices continued to remain relatively stable with the weighted average zircon (premium and standard) price in September quarter of US$1,311 per tonne, down a modest 3% from the first half 2020.

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