Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
New news and more news, Think the same guy wrote about zircon prices peaking in July.
Time will tell but as someone said higher prices and a strong dollar = substitution and thrifting.
KMR may well have missed it.
Consumption in China does not seem to be increasing & may well decrease with the Trump effect. Didn't know about Iluka but their price seems to have been restrained behind the curve and they may well be just catching up. By all accounts RBM may or not be increasing by $50 from Oct 1st.
Yes when questioned Cont does get a bit nasty.....
Based on the pathetic trading over the past week or so, the CMD is last ditch saloon cos zircon seems to have peaked and we may be starting the downside if the Donald has his way..........
The volumes on KMR are back to worse than what they were. Disgrace! Good figures, good potential, its their PR! Been saying this for some time, a Capitals Day is a bit of an effort. A small sacrifice by the directors to decamp to London and get round the City on a regular basis might be the answer.
Regular flights to Dublin, it would be hardly be an assignment to the Antarctica or possibly worse North Mozambique.
So, how come, the price has stuck rigidly at £2.30 with all this trading whilst these don't seem to be prearranged buys? It defies belief!
On a normal day we get around 30k shares traded, 'due to illiquidity' and today with 7m shares traded the sp barely moves.
its all a bit strange. Im sure Buck will enlighten me on this.
Cheap shot Buck, link any doubters to some madman on the internet. (Which I cant be bothered to look at) The general consensus statement is an inaccurate and wildly optimistic forecast. 7 years of supply unable to keep up with demand. It rarely works like this as substitutes are found. Your posts have steadily become more abusive as the sp stays low. And always followed up by your lapdog Cont.
‘General consensus is that supply will be below demand, that could persist out to 2025. We're already seeing activity in the market that suggests unease in the advance supply chain.’ Buck, this is a wildly optimistic statement. The sort that TZMI made in 2011 that was utter bs. I hope that your ‘general consensus’ is based on more than consultants and what some miners want the market to believe for short term gain.
Factors converge to depress ilmenite import price in China
By CAMERON PERKS
Published: Friday, 20 July 2018
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A seasonal decline in demand, a slowing economy, continued environmental inspections and currency movements in China have resulted in a lower price for imported ilmenite.
A seasonal decline in demand for ilmenite, a slowing economy, continuing environmental inspections and the yuan’s loss in value against the dollar have all led to a minor decrease in the price for ilmenite imported into China.
These factors are also at the center of the dispute about whether there is a slowdown in the price trajectory for zircon in China, a mineral that is often co-produced alongside ilmenite.
According to one trader, costs have increased by around $15 per tonne for all ilmenite being imported into the East Asian country as a result of currency depreciation alone. This means that for those in China buying ilmenite, they will need to spend an extra $15 per tonne and will therefore be negotiating for a lower price.
Several market participants have told Industrial Minerals that lower demand for titanium dioxide pigment, driven by a cooling economy and pigment plant shutdowns in the wake of environmental inspections, is placing additional negative pressure on prices.
This extra cost has led to a decline in demand, and therefore a decline in imported ilmenite volumes, particularly from Vietnam. Ilmenite demand in China’s Sichuan province has increased, and feedstock stockpiles are beginning to be drawn down by pigment producers in an effort to avoid the increased costs of importing ilmenite.
As a result, the price for ilmenite concentrate, 47-49% TiO2, cif China, fell to $185-195 per tonne on Thursday July 19, from $190-200 per tonne a week earlier.
Overall, however, many market participants have described the current situation as being relatively stable, and they believe that demand will return once environmental inspections cease, and seasonal factors allow demand to rebound.
Cont,
804 shares traded isn't illiquidity, its lack of interest.
Yesterday punters bought 50k and 40k lots, 2 weeks ago nearly 2m shares were sold.
Illiquidity is bs, in particular for the PI.
What really irritates you Cont, is the fact that this sp keeps falling against all normal investor logic, and some on here are prepared to offer opinions as to why that is. No ramping please, only reality.
As for the latest stockbroker tips, well we've seen them all before. Remember our position, this is not the FT100.
Probably.
No idiots..
Quick to attach yourself to 'all market participants'. Anybody on here as I said before is entitled to their own opinion. Mine is as justified as yours as the sp over the past year proves.
However I am always prepared to listen to those who do the research. Keep it up Buck.
Cheers Cap.
Oct is good for the reasons you say and it is the real working end of the year. Hols finished and budget preparations.
Cont, Buck I work full time and don't necessarily have the time to do all the extensive research. Nonetheless I can spot a share with no interest from a far off distance.
So after the responses, and since it isntt a tour of the Head Office or Production Facility, I can assume its a PR exercise in London to try to garner some interest in the share.
And well they need it with 804 shares traded this morn after all the publicity in the media yesterday.
Comes back to their PR dept........