Barite prices bottom out after long decline

By Kasia Patel
Published: Friday, 24 June 2016

Following 18 months of steady price declines, industry participants believe that barite prices have bottomed out, sustained by oil prices of $50/bbl.

Barite (baryte) prices have recently been revised down once again but industry participants believe the market has now bottomed out.

According to one IM source, freight reductions and some Chinese market softening has resulted in a slight weakening in material from China.

However, overall prices for the mineral – used...

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