zircon price market research, page-40

I think it’s a global supply / demand equation that one needs to look at . I think we need to appreciate that global supply is restricted , ILU one of the worlds biggest producers has virtually no inventories and prices are going up as they should. PYX price increases have been a leading indicator for the rest of the market . Like last time , they and Tronox move first and the others follow. Once again Tronox and PyX are moving and I am sure ILU and IMa will follow 1 October. I think we can bank another 175 USD increase in Zircon.

Lastly , we need to look at prices in AUD terms and by Nov I think IMA will be receiving record prices