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Giant annouce price increase notice,market fell positive

Mar.9 2018      Source:ruidow

Keywords:Iluka increase price

Iluka announced that from the second quarter of 2018, the reference price of zircon sand will be raised from 1230 USD/ ton to 1410 USD/ ton, which is valid for 6 months.

The announcement indicates that the price adjustment of Iluka is based on the slow and stable recovery of the whole year, and the demand for many markets is increasing. Meanwhile, the inventory of zircon sand has been greatly reduced, and the supply is still tight.

Considering that the transaction price of China has been higher than the reference price in the announcement, it is estimated that the price of Iluka zircon sand will be around 1440-1470 USD/ ton in the next quarter, and the price converted to RMB will be lower than the 12000 yuan / ton in the market. The price adjustment period of Iluka is still 6 months, which, to a certain extent, can reduce the fever of the excessive price rising in the zircon sand Market and play a positive role in stabilizing the market.

The price of RBM zircon sand was raised sharply in the second quarter, and the price of ZUG advanced sand reached 1480 USD/ ton, and the price of ZSG standard sand reached 1460 USD/ ton.

The price increase of RBM is far more than that of the past. At the same time, it also exceeds the price adjustment range of Iluka, and the price of RBM is only second quarter price, which is different from the 6 month's validity period of Iluka.

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