Key highlights:
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China’s barite FOB price rose in August, driven by surging European offshore demand and steady Asian consumption.
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Pakistan’s barite FOB price dipped x.xx in August amid heavy monsoon flooding and softer US drilling activity
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As flooding recedes and North American drilling demand potentially rebounds toward year-end, both Chinese and Pakistani markets anticipate further price and volume shifts.
China&#xx;s barite industry entered a period of recovery in August, with European demand ramping up while core Asian markets remained stable. Increased international drilling activities have given more attention to high-grade barite from Chinese producers, resulting in several strategic developments across the barite supply chain.
In August, the free-on-board (FOB) price of Chinese barite moved upward by x.xx, a reflection of tight stocks and rising orders from major offshore projects. Industry insiders note that the price increase is...
