Industrial Minerals


Prices for Morocco-sourced barytes set to increase

17 June 2011

by IM prices reporter

Hikes driven by tight supply, strong demand and unfavorable foreign exchange

Keywords: barytes, drilling, Morocco, OCMA, oilfield minerals

Buyers of barytes in the North Sea are expecting prices for Moroccan sourced drilling grade barytes to increase over the coming month due to a combination of unfavorable currency exchange rates, ongoing strong demand and constrained supply.

 

Since the start of the year the Moroccan dirham, which is fixed against a basket of currencies including the euro and US dollar, has appreciated steadily whilst the US dollar...