Oversupply weakens metspar outlook
Published: Friday, 10 June 2016
A rebound in China’s steel output saw domestic demand increase for metallurgical grade fluorspar. However the industry has been inundated by low-cost suppliers looking to benefit from the seasonal uptick in traditional downstream markets.
A recovery in demand for metallurgical
grade fluorspar (metspar) owing to increased steel numbers
reported out of China was short-lived as additional low-cost
supply in Asia pulled the market down to new lows.
IM sources said that steel plants in China are resuming
operations as prices for the commodity...