Is Iluka a commodity player. Is commodity traded by the market. So how could Iluka has a power to set a price. It's not strange that iluka is a major producer but It's interesting to be a market price setter.
Simply amazing.
It's extremely important that producers are able to rise prices. It's a sign of inflation.
The PPI and CI proved that belief.
Once inflation is starting to pick up there will be a wave of buying power from consumers hence stronger demands.
ILU is perfectly suited in this environment especially Chinese consumers are trying to spend and to renovate their houses.
The down side is when will the US operation is getting back online. US inflation is moving faster than China. James Hardie is an example.
Australia inflation is running alright.
More expansion and exploration are good timing from now on.
I love this stock, man. This is officially my house, my forum.
Iluka announced will increase zircon sand price in the third quarter
May 31,2016 Source:ruidow
Keywords:zircon sand
During the 2016 global zircon conference, Australia Iluka resources declare in its customers meet that company will be increases zircon sand price to $1010 / tons in the third quarter, than offers increase $60/ ton. But lower than actual transaction price of its large customers $50 / ton.
The company believes that zircon sand prices have fallen to the level of the 2010 period, due to the recent reduction in supply and customer inventory reduction, zircon sand prices have need for raised price.
Participaters said that due to zircon sand prices in the two quarter has just dropped a little, the market demand is also very weak, customers purchase will not be very strong, mostly to wait and see.
Some said that if zirconium second-largest supplier RBM also follow, zircon sand prices are oversold bounce of the demand, the price will be a little bounce.But RBM can follow up now is a doubt.
ILU Price at posting:
$6.71 Sentiment: Buy Disclosure: Held
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