{"id":961,"date":"2018-06-18T11:18:53","date_gmt":"2018-06-18T11:18:53","guid":{"rendered":"http:\/\/www.anfre.com\/?p=961"},"modified":"2018-06-18T11:19:02","modified_gmt":"2018-06-18T11:19:02","slug":"best-market-conditions-in-five-years-prompts-iluka-to-raise-zircon-rutile-prices","status":"publish","type":"post","link":"https:\/\/anfre.com\/?p=961","title":{"rendered":"&#8216;Best market conditions in five years&#8217; prompts Iluka to raise zircon, rutile prices"},"content":{"rendered":"<p><strong>Iluka Resources will raise prices for its zircon and rutile products, amid strong demand, weakened supply and what it says is a \u201ctrend towards high grade feedstocks and chloride feedstocks across the board.\u201d <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Iluka Resources will raise its zircon price as of April 1 and has already raised its rutile price for the first half of this year, it said, citing robust market conditions.<\/p>\n<p>The minerals sands mining and exploration company will raise its zircon reference price to $1,410 per tonne from April 1 for the following six months from $1,230 per tonne, its price as of October 1 last year.<\/p>\n<p>It has also raised its price for contracted rutile sales by 8% or $70 per tonne for the first half to $895 per tonne.<\/p>\n<p>Its zircon reference price is now 48% higher and realised prices are 60% higher than the lows of the second quarter of 2016, it also noted.<\/p>\n<p>Industrial Minerals recently assessed zircon, premium grade, min 66.5% ZrO2, bulk, cif China prices at $1,350-1,450 per tonne.<\/p>\n<p>Industrial Minerals assessed the price for rutile concentrate min 95% TiO2 bulk cif China prices at $850-950 per tonne, rutile concentrate min 95% TiO2 large volumes for pigment fob Australia at $800-900 per tonne and rutile concentrate min. 95% TiO2 bagged, fob Australia at $950-1,200 per tonne.<\/p>\n<p>In a conference call to discuss its full-year results, Iluka described market conditions as the \u00abbest in five years,\u00bb noting strong demand for both its zircon and titanium feedstocks. \u00abZircon supply is expected to remain tight [but there is] limited scope for short-term supplier response,\u00bb it said.<\/p>\n<p>While Iluka did not provide guidance for 2018 on its zircon production, it said that its sales are likely to exceed production. The company also painted a positive picture for titanium feedstocks, stating that there is a universal trend towards high-grade feedstocks and chloride feedstocks. Iluka therefore has a positive outlook on pricing, repeating its aim to \u00abmaintain sustainable pricing.\u00bb<\/p>\n<p>\u00abWe are not a speculator &#8211; we don\u2019t think speculating the market is useful,\u00bb it added. Despite a full-year loss of $172 million due to impairments, strong market conditions have allowed the company to slash debt by 64% to $183 million.<\/p>\n<p>The company has also reinstated a final fully franked dividend, declaring a payout of 25 cents per share. Iluka\u2019s full-year production in 2017 exceeded expectations, it said last month, mainly due to Sierra Rutile contributing 171,000 tonnes of zircon and rutile.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iluka Resources will raise prices for its zircon and rutile products, amid strong demand, weakened supply and what it says is a \u201ctrend towards high grade feedstocks and chloride feedstocks across the board.\u201d &nbsp; Iluka Resources will raise its zircon price as of April 1 and has already raised its rutile price for the first &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/anfre.com\/?p=961\">Seguir leyendo<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-961","post","type-post","status-publish","format-standard","hentry","category-sin-categoria","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>&#039;Best market conditions in five years&#039; 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Iluka Resources will raise its zircon price as of April 1 and has already raised its rutile price for the first &hellip; Seguir leyendo","og_url":"https:\/\/anfre.com\/?p=961","og_site_name":"Asociaci\u00f3n Nacional de Fabricantes e Instaladores de Productos Refractarios, Materiales y Servicios Afines","article_published_time":"2018-06-18T11:18:53+00:00","article_modified_time":"2018-06-18T11:19:02+00:00","author":"rhorcajo40A","twitter_misc":{"Written by":"rhorcajo40A","Est. reading time":"2 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/anfre.com\/?p=961#article","isPartOf":{"@id":"https:\/\/anfre.com\/?p=961"},"author":{"name":"rhorcajo40A","@id":"https:\/\/anfre.com\/wp-nuevo\/#\/schema\/person\/9178feecddd35e984545f444bc1388da"},"headline":"&#8216;Best market conditions in five years&#8217; prompts Iluka to raise zircon, rutile prices","datePublished":"2018-06-18T11:18:53+00:00","dateModified":"2018-06-18T11:19:02+00:00","mainEntityOfPage":{"@id":"https:\/\/anfre.com\/?p=961"},"wordCount":399,"publisher":{"@id":"https:\/\/anfre.com\/wp-nuevo\/#organization"},"inLanguage":"es"},{"@type":"WebPage","@id":"https:\/\/anfre.com\/?p=961","url":"https:\/\/anfre.com\/?p=961","name":"'Best market conditions in five years' prompts Iluka to raise zircon, rutile prices - Asociaci\u00f3n Nacional de Fabricantes e Instaladores de Productos Refractarios, Materiales y Servicios Afines","isPartOf":{"@id":"https:\/\/anfre.com\/wp-nuevo\/#website"},"datePublished":"2018-06-18T11:18:53+00:00","dateModified":"2018-06-18T11:19:02+00:00","breadcrumb":{"@id":"https:\/\/anfre.com\/?p=961#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/anfre.com\/?p=961"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/anfre.com\/?p=961#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/anfre.com\/wp-nuevo"},{"@type":"ListItem","position":2,"name":"&#8216;Best market conditions in five years&#8217; 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