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Antimony trioxide markets soften on low demand; All DBM kilns closed in Dashiqiao; China's domestic DBM prices up; Bauxite, fused alumina market in supply limbo in Q4; PRICING NOTICE: Discontinuation of micronised zircon, zircon opacifiers, zircon flour and fused zirconia prices; GLOBAL LITHIUM WRAP: Chinese producers raise battery-grade lithium carbonate offer prices; seaborne markets quiet; Iodine sellers looking to push prices closer to $28 per kg; Acidspar prices continue to rise, with contracts for 2019 settled early
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Fastmarkets’ fluorspar price assessments in two markets have risen this week, which reflects the earlier-than-usual settlement of contracts for next year’s supplies, a sign of urgency among buyers.
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With the iodine market undersupplied, sellers have been trying to push through a price rise to $27.50 per kg, although consumers are reluctant to accept a price that high.
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Chinese domestic spot battery-grade lithium carbonate offering prices increased in the week to Thursday October 18, supported on falling producer stocks, but reported concluded deals remained within Fastmarkets’ current price ranges.
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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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Spreads among some bauxite grades are widening while BFA, WFA prices remain stable on limited demand, although participants are concerned over supply flows from China in 2019.
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Global antimony trioxide prices fell on low demand and weaker antimony metal prices.
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Dashiqiao city in Liaoning province has shutdown all DBM kilns, pushing China’s domestic DBM prices up again, while export prices are stable on weak demand with only low-grade DBM edging up.
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China’s output and sales of new energy vehicles (NEVs) kept increasing year-on-year in September, supported by the continuing upward momentum of the sector. But lithium prices kept falling on slow buying.
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Industrial Minerals has today discontinued its micronised zircon, zircon opacifiers, zircon flour, and fused zirconia prices.
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Chinese TiO2 prices fall further as yuan exchange rate slides; GLOBAL LITHIUM WRAP: Chinese battery-grade lithium carbonate, hydroxide prices soften after Golden Week; China's DBM price edges up on magnesia industry consolidation in Haicheng; PRICING NOTICE: Extending consultation period on proposal to amend soda ash prices
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Chinese battery-grade lithium compound prices fell this week after market participants returned to the market from Golden Week, while other regions were unchanged in quiet conditions.
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Domestic acidspar prices rose after Fujian province launched safety inspections on non-coal mines in Qingliu county, home to China's major fluorspar reserves.
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Market participants expect alumina prices to plunge below the psychological $500 per tonne level after the planned shutdown at the Alunorte refinery in Brazil was called off.
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China’s dead-burned magnesia (DBM) prices showed a slight increase due to Haicheng province's consolidation plan for its magnesia industry being moved forward.
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Market participants are waiting for this week's pharmaceuticals event to gauge market sentiment and see where prices might settle for the remainder of the year.
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Fastmarkets IM has extended the consultation period regarding its proposal to refine specifications of its soda ash prices.
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The cif Rotterdam price has increased to $500 per tonne at the top end of the range as a result of consumer nervousness amid market tightness.
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Rutile price range narrows upwards while tight supply, strong demand continues; GLOBAL LITHIUM WRAP: Seaborne battery-grade lithium compound prices dip on slow consumption, falling offer prices; Diverging demand scenarios result in steady pricing for zircon in Q4; Chromite market quiet as fourth quarter begins; Antimony trioxide market unchanged over Golden Week.
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Chinese domestic lithium compound prices were unchanged week on week on Thursday October 4 due to a national holiday, while spot prices in the other regions Fastmarkets assesses were softer on slow consumption and lower prices offered.
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Rutile prices have strengthened this week due to tightened supply and strong demand, resulting in a narrowing price spread.
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Strong European demand and weakness in China has resulted in steady zircon prices for the fourth quarter.
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Global antimony trioxide market prices have remained unchanged this week on low trading levels due to the Golden Week holiday in China.
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Prices for chemical-grade chromite were stable in China and Asia this week on low activity, although the market took differing views on the level of demand for foundry sand.
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Refractory products have been included in the list of materials subject to a new US tariff, and China’s refractory industry is recommending an ‘active’ response. Although refractory raw materials were not included this time, demand for these will be affected indirectly in the long term.
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Chinese domestic spot battery-grade lithium carbonate prices steadied at currents level this week due to improved demand from consumers who were restocking ahead of the week-long National Day holiday (October 1-7), while lithium hydroxide prices drifted lower on quiet demand.
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Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Industrial Minerals.
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China’s domestic magnesia prices edge up on regulatory restrictions, export prices unchanged; China’s unshaped refractory materials output up 10% in August; Aachen 2018: Prices of refractory minerals expected to remain firm
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China's unshaped refractory materials output rose in August, supported by the strong demand downstream.
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China’s domestic magnesia prices edged up due to stricter environmental regulations, while export prices stood still ahead of China’s National Day holidays.
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Current closures at bauxite and alumina plants in China may be in place for months once the recently announced winter shutdown regulations come into force, forcing prices upward.
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The major Chinese lithium producer has extended its offtake contract with LG Chem and signed a new agreement with Tesla.
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The fall in Chinese domestic battery-grade lithium carbonate prices was attributed to lower offers, while downstream buyers were largely absent from the market.
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Chromite market still quiet at Q3-end; Antimony metal price drives trioxide prices upward; China's magnesia prices firm on strict environmental inspections; PRICING NOTICE: Launch of frac sand price; Ilmenite price range widens downward in China, defying expectations; Industrial Minerals to track prices in booming frac sand market
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Industrial Minerals is launching a Wisconsin coarse-mesh frac sand price to track prices with increasing volumes across the expanding frac sand market.
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Ilmenite prices in China softened again this week due to ample supply and weaker-than-expected demand, defying expectations from some market participants that they would not.
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Industrial Minerals today launches its spot Northern white frac sand, 20/40 mesh, API, ex-mine Wisconsin, $/short ton price.
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Magnesia production hubs in China are continuing their efforts to reduce negative environmental impact, while domestic magnesia prices firm and export prices hold steady on low demand.
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Antimony trioxide prices have gone up in several markets on the influence of the upward trend seen in the international antimony metal market.
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Slow trading during the summer and perceived improvement in availability have led to slight adjustments to foundry and chemical grade prices over the third quarter.
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Antimony trioxide prices increase as trade tension grows; Haicheng govt progresses magnesia industry consolidation; Alteo to increase calcined alumina prices on rising costs; Stocks availability, low-cost materials push Chinese lithium carbonate prices lower, other markets steady; Fused alumina prices rise on Q4 supply concerns.
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Brown fused and white fused alumina prices have increased, offsetting yuan-related depreciation, while the price of refractory grade bauxite 88% ticked up on continued production issues in Shanxi.
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China’s domestic spot battery-grade lithium carbonate prices remained under downward pressure this week due to the availability of stock and cheaper materials produced from brine, while lithium hydroxide prices were hit by sluggish trading.
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Contracts for the fourth quarter and for 2019 will be subject to a “double digit” percentage price rise.
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Haicheng's consolidation plan for its magnesia industry has made progress, with 42 companies to be consolidated at first, while magnesia prices temporarily hold steady.
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China’s output and sales of new energy vehicles (NEVs) rose year-on-year in August, showing China’s sustained determination to promote NEVs to reduce air pollution. Meanwhile, lithium prices continued to fall on slow buying.
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Falling yuan, rupee trigger iodine sell-off in Asia; Flake graphite market in Europe stable, local availability reducing; Battery-grade lithium carbonate prices dip on ample supply and lack of buyer interest; Non-met chromite prices unfazed by weaker rand; European titanium dioxide buyers well stocked after China export drive
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The poor performance of the currencies of India and China has prompted sellers there to destock, keeping price steady and confounding expectations that this year's price increases would continue.
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Battery-grade lithium carbonate prices continued to slip in China this week, with no respite in the availability of cheap, locally produced units.
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Authorities in China’s magnesia production hub of Dashiqiao have shut down 87 local companies that did not meet new environmental standards. But despite this, China’s magnesia export prices stood still on thin buying.
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