IM Prices September 2016

• Autores: Industrial Minerals
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 586, 2016 (Ejemplar dedicado a: Septiembre)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The new, cheaper supply from South East Asia jeopardised Chinese producers' market share, compelling some to compete by evading the 17% value-added tax (VAT) on acidspar shipments, according to market participants. Sources told IM that illegally-traded material reached the market at numbers as low as $210-230/tonne, however producers in China continuously denied this stating that such levels would be too low to consider given a cost of production around $200/tonne.

    A number of deals were concluded in the end of June onwards. Potash producer Belarusian Potash Co. (BPC) first announced in late June that it would be supplying potash to India's Indian Potash Ltd (IPL) at $227/tonne on a CFR India basis for 2016/2017. The agreed price was a 32% decline on 2015 supply contracts, which were signed at $332/tonne.

    This move was led by Sichuan Lomon, which decided to raise the rutile TiO[subscript]2 price by Chinese renmimbi (Rmb) 500/tonne