Prices for DBM (90% MgO, lump, FOB China) were in the $240-270/tonne range in early January, sources confirmed to IM, while values for purer material (97.5% MgO, lump, FOB China) were between $470 and $490/tonne.
Prices for Europe port DBM grading at 90% MgO were reported as being between $275-285/tonne; 92% MgO material at $295-305/tonne; and 95% material at $415-425/tonne.
"Zircon prices commenced 2013 materially lower than 2012 levels and remained stable for much of the year before softening slightly in the fourth quarter, with a resultant weighted average annual zircon price for 2013 of $1,150/tonne, a reduction of approximately 45% y-o-y," Iluka said.
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