Indian barytes prices will probably be on the move in August after an announcement by state-owned Andhra Pradesh Minerals Development Corp (APMDC) of a 5% increase in ex-mine prices.
The current price of ex-mine material is $68-72/tonne. However, traders are also anticipating a pay increase for the miners, which could add further price pressure. In total, price hikes of around $3/tonne are anticipated next month.
Drilling grade barytes, lump, OCMA/API grade in bulk is now $70-72/tonne, FOB Madras whilst ground API material in big bags is priced at $90-95/tonne, again FOB Madras. Meanwhile,...