RE: Iodine price rising?2 Mar 2017 11:42
SQM Q4 news just out!!!
Price for Q4 $20.77 for them but they say ti looks like it has bottomed out. They also say they produced 9000mt at NV and 1000 at PDV and have an effective capacity of 10,000.
Sales however are 10,200 tonnes and they expect it to be higher in 2017. In short they are now eating into inventory.
So they are maxed out at NV on 9000 tonnes but that expansion of 2,500 tonnes is under threat due to serious breaches of the EIA and illegal wells (currently being investigated)
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Our sales volumes during 2016 totaled 10,200 MT, approximately 9% higher than sales volumes seen during 2015.
We currently have an effective capacity of 10,000 MT/year, with 9,000 MT coming from our most efficient plant in Nueva Victoria.
(that plant is where they are under investigation)
In recent months we have seen prices stabilize, and we are cautiously optimistic that prices may not deteriorate more during 2017.
http://s1.q4cdn.com/793210788/files/doc_news/2017/PR_4Q16_ing_FINAL.pdf