Resumen de Refractories down but not out

Industrial Minerals

• Following three price increases in Q1 2015 from Chinese TiO[subscript]2 producers, the country's market leader Sichuan Lomon Titanium Industry Co. Ltd announced its biggest price increase to date. The company plans to up rutile prices by Rmb 500/tonne ($77.4/tonne) and by $150/tonne for the domestic and export market. This follows three price increases in Q1, each by Rmb 300/tonne ($46.44/tonne).

  Indian bidders will quote for a minimum quantity of 100,000 tonnes of 4.2 grade at a reserve price of Indian rupee (INR) 5,000/tonne ($75/tonne) and 40,000 tonnes drilling grade 4.1 SG at a reserve price of INR 4,000/tonne ($60/tonne). International buyers will need to quote the FOB price for a minimum of 50,000 tonnes 4.2 SG barite and 25,000 tonnes 4.1 SG barite.

  The price of Chinese praseodymium-neodymium oxide is now up to Chinese renminbi (Rmb) 260,000/tonne ($40,189), dysprosium oxide is up to Rmb 1.2m/tonne ($310,000), and terbium oxide up to Rmb 2.3m/tonne ($360,000).