A look at major trade route for fluorspar (acidspar and metspar) and the price trends that have dominated 2013. Includes a focus on Mongolia, China, Europe, and Vietnam
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Fluorspar Trade and Prices in 2013 - Simon Moores
1. indmin.com/FluorsparAnalysis
Fluorspar in 2013
Changing global trade routes and price trends
Simon Moores, Manager, Industrial Minerals Data,
Fluorspar 2013, London
Simon Moores, Manager, Industrial Minerals Data – smoores@indmin.com
3. 1. Overview – Fluorspar in 2013
The world in 2013
The storm is over but the gloom fails to clear…
Acidspar
• Demand continues to deteriorate across the
board
• As bad if not worse than 2009
• Prices have collapsed from 2011 highs
• Prices down 25% on average
Metspar
• Global demand sluggish
• Demand from China’s steel industry props
up industry & prices
• Prices more robust than acidspar
US government shutdown
Storm in Europe
Smog in China
18. 4. Other defining factors of 2013
• Raw material self sufficiency
• Germany
• Increase Acidspar output by 55%
• New 30,000 tpa Acidspar
operation by 2014
• UK
• Re‐opening of British Fluorspar
mining operation (formerly
Glebe Mines/Ineos)
• Global trade slows, imports increase into
China
• A switch?
• Europe suffering, US only slightly
better, China opportunity
• China metspar imports up 25% y‐o‐y
in 2012, H1 2013 up again up 18%
19. 4. Other defining factors of 2013
• Metspar neglected?
• Supply replacement needed in China
• Most new projects focus on value‐
added Acidspar
• Gap in the market for metspar into
China – Mongolia
• Acidspar and metspar price convergence
• Price declines across‐the‐board
outlined
• Acidspar’s more rapid decline than
metspar, especially in H1 2013
• Gap closes between acidspar and
metspar price ($80‐100/tonne)