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The fall in China’s output of unshaped refractory materials output in January reflects lower output of alumina-silicon refractory materials, data shows.
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Fastmarkets IM has extended the consultation period for its proposal to discontinue one fluorspar price.
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The price for acidspar on an fob China basis has fallen for the second time in three weeks, on sluggish end market demand and adequate supplies.
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Chinese domestic battery-grade lithium carbonate and hydroxide prices edged down this week in a quiet market, while the seaborne lithium carbonate assessment dropped by 3.8% on material offered at lower levels from China and South America.
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The price range for China-origin soda ash has narrowed to its smallest gap for two years at $5 per tonne, with supplies of light-grade material becoming tight.
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Antimony trioxide prices fob China have been on a downtrend for the past 10 months after suppliers were forced to cut prices on weak demand.
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Different factors are affecting price trends at the top and bottom of the price ranges for foundry grade chromite materials. Spreads are increasing again in dried and bagged product.
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Quiet buying activity and rising stock levels have put Chinese magnesia prices on a downtrend, especially dead burned magnesia and fused magnesia. With the market so flat, producers have lowered their prices to boost cash flow.
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The iodine price was flat again although one iodine producer reported an increasing number of inquiries from consumers, while in Chile heavy rains affected production and logistics but only for a few days last month.
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Prices for two grades of bauxite have ticked downward, as has the price for white fused alumina, but brown fused alumina remained stable, with the market said to be mostly flat on limited activity.
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Chinese sellers reduced their offers on weak market demand, while the market remained flat in the US.
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New entrants looking to establish a position in chromite supply are bidding aggressively to secure business, amid a bearish market scenario.
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Fastmarkets IM's monthly price movements.
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China's caustic calcined magnesia and fused magnesia shipments were down in January 2019 on an annual basis on weaker demand from international buyers, while dead burned magnesia (DBM) exports were up slightly.
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Fastmarkets IM has begun a consultation on its proposal to increase the frequency of its andalusite price assessments to quarterly.
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The prices of fluorspar products in China have moved down on sluggish domestic demand since the new year break, for the first time since 2010, but the cif Rotterdam price has climbed slightly in reported purchases.
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The Chinese domestic lithium hydroxide price fell by 1.5% on Thursday February 28 due to unimproved downstream demand while the lithium carbonate market was steady week on week after most producers stood firm on offer prices.
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Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets.
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UK refractory material producer Vesuvius has bought a refractory products company in the United States to develop its presence in North America.
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The andalusite market remains buoyant on refractories demand and ongoing issues with alternative raw materials such as Chinese bauxite, but participants are hopeful the ripple effects of the 2017 shortage may finally be coming to an end.
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Prices in the European market for refractory and abrasive green silicon carbide grades have moved up month on month on tighter availability of material and higher production costs in China late in 2018.
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China’s domestic magnesia prices began a downtrend amid increasing stocks and thin buying activity, while exporters decreased prices by a small range but downstream buyers had no immediate need and are waiting for lower prices.
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Prices
IM March 2019
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India's Dalmia-OCL has bought German refractory producer GSB for $17 million, thereby entering the EU market with a focus on "cleaner steel".
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The global seaborne antimony trioxide market has softened week on week because of low demand in China and that country’s wider influence. Domestic prices in Europe have fallen but the US market remained steady.
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The iodine spot market continued to weaken week on week, with the range narrowing downward in what could be a market correction.
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Fastmarkets proposes new dead burned magnesia price.
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Three newly launched frac sand prices show emerging optimism among miners of the proppant.
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Fastmarkets IM has begun a consultation on its proposal to refine the specifications of its European fused magnesia price.
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Production of soda ash has been steadily returning to the Chinese market, and this has resulted in the export price for the material softening in this week’s assessment.
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The domestic Chinese battery-grade lithium hydroxide spot price fell by more than 3% in the week to Thursday February 21 although the carbonate assessment held firm – a pattern that was reversed in the seaborne market, where the carbonate price dropped week on week and the hydroxide price was steady.
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Canada’s North American Lithium has halted lithium spodumene production temporarily because of the fall of $200 per tonne in prices for the commodity in the Chinese market over the second half of 2018.
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The European and US antimony trioxide markets showed minimal price adjustments this week while prices in the rest of the world remained unchanged.
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China’s output and sales of new energy vehicles (NEVs) has stayed on an uptrend in early 2019. China’s lithium prices were steady in a quiet market, however, with most major buyers taking a watchful attitude to the market.
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The low end of the spot price range for iodine has fallen for the third time in a month, with Japanese producers reporting low sales prices.
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The company, which sees volatile market conditions continuing this year, will focus on cash generation and cost control to reduce business risk.
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Fastmarkets IM is opening a market consultation to seek feedback on its proposal to discontinue one fluorspar price.
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Every year the fluorspar market queries what the supply situation in China will look like after the Lunar New Year, and 2019 is no different. Two sources have reported offers and sales of good volumes of material, indicating that supplies are available.
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Chinese titanium dioxide producer Lomon Billions has announced price rises affecting all its customers with immediate effect.
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China’s magnesia market has showed no changes in the first week after the Lunar New Year, with prices holding at current levels while more market players are yet to return from holiday this week.
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Fastmarkets IM's monthly price movements.
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Iodine derivative prices have lagged behind the latest price increases in iodine itself, which is hitting margins at derivatives producers.
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Dalmia-OCL hails an increase in its clean refractory capacity after buying German GSB group.
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Markets saw a second consecutive round of contract price increases for calcined alumina material, but a change in feedstock costs dynamics and availability could soften the market later in the year.
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Key data from the February 7 pricing session in London.
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Producer Norsk Hydro's underlying operating profit dropped almost 85% in the fourth quarter due to the effects of its production curtailment at its Brazilian alumina refinery, Alunorte.
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Fastmarkets will discontinue its feldspar and silica sand prices, while it expands the sand price offering on existing core markets.
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Fastmarkets is changing the frequency of its silicon carbide price market assessments to monthly, following a consultation with the market.
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Industrial Minerals is launching three Northern white sand frac prices as of today.
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Fastmarkets IM is making amendments to the specifications of five of its fluorspar prices.
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