Chinese barytes producers may struggle to undercut India

• Autores: Yoke Wong, William Clarke
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 596, 2017 (Ejemplar dedicado a: Septiembre)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Large Chinese producers are already struggling with thin profit margins, and cannot continue to undercut India should prices fall.

    Chinese barytes exporters fear they may struggle to maintain their price advantage over India, if a new tender process lowers prices from the latter origin.

    Markets are still waiting for news on when the state-owned barytes miner Andhra Pradesh Mineral Development Corp (APMDC) will announce the next round of tenders. Pricing for the top grade of barytes will determine the competitiveness of Indian supplies in international markets.

    But many buyers expect Chinese supplies of SG 4.2 barytes to remain priced below Indian supplies, even if the next tender slashes Indian exporter costs.

    Buyers at two major oilfield services companies told IM in August that Chinese suppliers could cut their prices to compete for global market share with India, given any foreseeable APMDC price cut.

    Tight Chinese margins