Updates, page-25

Just adding on from my view on Zircon pricing.

Out this morning from a large zircon supplier.

"Demand growth for zircon is closely linked to growth in global construction and increasing urbanisation in the developing world. After a sharp downturn in 2012, major zircon suppliers have attempted to match their supply to demand since 2013, keeping prices relatively stable until early 2016. However, with demand remaining sluggish and supply growing from new sources, one major zircon supplier reduced prices by approximately US$100 per tonne in March 2016, forcing others to follow. Despite attempts to subsequently increase pricing, subdued demand and excess inventories are expected to keep prices flat at current levels throughout the 2017 financial year."

P