Rising drilling activity fails to support baryte prices

By Yoke Wong
Published: Friday, 02 June 2017

Despite increased drilling activities, oilfield mineral baryte demand remains weak amid global oversupply. Many market participants are expecting trading activities in the Middle East to slow down in June due to Ramadan and Eid festival.

Increasing oilfield activity is doing little to support baryte prices as demand remains weak in an oversupplied global market.

Furthermore, imports are expected to slow in Saudi Arabia, the world’s top baryte importer, during the month of Ramadan, which started on 26 May. Market participants widely anticipate that trading conditions...

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