setting the scene_ultra light wise aggregates_050211

8/2/2019 Setting the Scene_Ultra Light Wise Aggregates_050211

1/27

Approachable. Independent. Expert.

Roskill

Setting the Scene:

Ultra-lightweight aggregates,

the current situation

Robert BaylisRoskill Information Services Ltd.

+44(0)208 944 0066

[email protected]

1

12th April 2011


2/27


Roskill

Vermiculite, perlite and pumice:

Consumption

Production

Producers

Trade

Prices

Questions

Outline

2


3/27


Roskill

Vermiculite

3


4/27


Roskill

Vermiculite consumption: Emerging economygrowth helped in the 2009 economic downturn, butAmericas and Europe remain main markets

4

0

50,000

100,000

150,000

200,000

250,000

Americas AsiaPacific

Europe CIS Africa MiddleEast

2006

2007

2008

2009

World: Vermiculite consumption by region, 2006-2009 (t)

Source: Ultral-ightweight Aggregates: Global Industry Markets & Outlook 2011 Roskill Information Services Ltd.


5/27


Roskill

Vermiculite production: China and South Africaaccounted for 62% of supply in 2009

5

0

100,000

200,000

300,000

400,000

500,000

600,000

2002 2003 2004 2005 2006 2007 2008 2009

Others

Zimbabwe

Brazil

Russia

USA

China

South Africa

World: Vermiculite production by country, 2002-2009 (t)



6/27


Roskill

Vermiculite producers: In Asia nearly 85% ofproduction is from China and output controlled by twomajor producers

6

Imerys XinjiangYuli Xinlong

52%

Xinjiang Huabang

BiologyTechnologyDevelopment

31%

Other Chinese

producers7%

Dugar InsulationIndia Pvt. Ltd

4% Tamil NaduMinerals Ltd

1%

Other Indianproducers

1%

Gilan Mica


7/27


Roskill

Vermiculite trade: South Africa still leads the wayfor vermiculite concentrate exports but what aboutChina?

Source: Global Trade Atlas

7

Asia66%

North America14%

Europe20%

Other


8/27


Roskill

Vermiculite prices: Marked upward trend in exportprices from South Africa, but not to alldestinations

8

0

50

100

150

200

250

300

2005

2009

South Africa: Average values of exports by partner country, 2005 & 2009 (US$/t)



9/27


Roskill

Perlite

9


10/27


Roskill

Perlite consumption: Emerging economies werethe growth driver in 2006-2008

Product value

10

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Asia Pacific Europe Americas Middle East CIS Africa

2006

2007

2008

World: Unexpanded perlite consumption by region, 2006-2008 (t)



11/27


Roskill

Perlite consumption: Chinas rising demand is fedby domestic supply

11

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

China Japan South Korea

2006

2007

2008

2009

Asia-Pacific: Unexpanded perlite consumption by country, 2006-2008 (t)



12/27


Roskill

Perlite production: Nearly a third of the worldsperlite comes from Greece

12

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2002 2003 2004 2005 2006 2007 2008 2009

Europe incl. Turkey and Russia Australasia Americas Africa India and Middle East

World: Unexpanded perlite production by region, 2006-2008 (t)



13/27


Roskill

Perlite producers: Supplier base in the Americas isfragmented and ranges from the very small to verylarge

13

Coooperativa de

Trabajo de Minaclar2%

Multiquim

2%

Perfiltra

2% Harborlite2%

Aislantes del

Pacifico


14/27


Roskill

Perlite trade: Greece is the largest perlite exporter,with Europe as the major destination

14

Germany37%

Cyprus14%

Israel14%

Canada10%

Spain5%

Others20%

United States


15/27


Roskill

Perlite prices: Trend had been upward until 2009

15

0

20

40

60

80

100

120

Belgium Italy Spain Russia India

2005

2006

2007

2008

2009

Partner Countries: Average values of imports from Turkey , 2005-2009 (US$/t)



16/27


Roskill

Pumice

16


17/27


Roskill

Pumice consumption: Turkey dominates demand,due to availability and building trends

17

-

2,000

4,000

6,000

8,000

10,000

12,000

2006 2007 2008 2009

CIS

Africa

Asia Pacific

Americas

Middle East/South Asia

Europe

Turkey

World: Pumice consumption by region/country, 2006-2009 (000t)



18/27


Roskill

18

Pumice consumption: Pozzolan uses in cementand concrete are main application

Pozzolan uses68%

Concrete blockand sections

26%

Hydroponics


19/27


Roskill

Pumice production: Turkey has outpaced all othersources since 2004 to become dominant supplier

19

0

2,000

4,000

6,000

8,000

10,000

12,000

2004 2005 2006 2007 2008 2009

Africa

South and Central America

Caribbean

North America

Asia Pacific

Other (Iceland and Iran)

Europe (excl Turkey)

Turkey

World: Pumice production by region/country, 2004-2009 (000t)



20/27


Roskill

Pumice producers: Greek, Turkish, German andUS producers dominate supply

20

0200,000 400,000 600,000

800,0001,000,000

Lava Mining and Quarrying

Soylu

Gebruder Zieglowski

ler Mining

Kann Baustoffwerke

Superlite Block

Pacific Pumice

Hess Pumice

World: Pumice production by major company, 2009 (t)



21/27


Roskill

Pumice trade: Turkey, Greece and Germany areresponsible for around 75% of international trade

21

Turkey28%

Greece24%

Germany23%

Indonesia10%

Japan4%

Iceland5%

Others

6%


World: Pumice exports by country, 2009


22/27


Roskill

Pumice prices: Variable across different end-uses

22

0

50

100

150

200

250

0

10

20

30

40

5060

70

2004 2005 2006 2007 2008

Abrasive-gradeprices

Pricesex.Abrasives

Building block, includes decorative block

Concrete admixture and aggregate

Horticulture and landscapingOther

Average

Abrasives

USA: Pumice prices by application, 2004-2008

Source: USGS


23/27


Roskill

Questions?

23


24/27


Roskill

NEW report combining vermiculite, perlite andpumice industries

Ultra-lightweight Aggregates: Global industry

markets & outlook, 2011

TVA delegate offer: 15% off list price

Contact:Robert Baylis

Manager Industrial Minerals Research+44 (0) 20 8944 0066

[email protected]

24


25/27


Roskill

0

20

40

60

80

100

120

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2003 2004 2005 2006 2007 2008

US$M000t

Value of US Construc tion US Vermicu li te in cons truc tion US Per li te in cons truc tion

US Pumice in cons truc tion Total Ult ra light aggregates

8

Comparison of the use of ultralight aggregates inUS construction uses; 2003-2008


26/27

www.okll.om Araae. Ieee. Exer.

Rki iara rer vermiie, erie & ermie wi e ie wii 6 week. If re

ivve wi ra-iwei areae i a wa, i wi e make e ri eii.

OrdernO

w

tOsave15%

AndgEtyo

uRcopy

AssoonAsItspu

blIshEd

s 15% o rokll poUl-Lgg aggg:

ga ir marke & k

whats incLUded?

O

exlu tva mg lg off Order BY 20th MaY

Order BY 20th MaY and save 15%

I 2009, wr ri f erie, mie a vermiie

wa arximae 15M wi a marke vae e

us$1b. te erie marke a ee je a

eraia if i ema, a ri i emeri

emie a ae a f mare emie, e

latter also being signicantly affected by the recent global

emi wr. prie eaai e rfa i

e f erai rae a ee a rmie feare

i e vermiie marke, ew aai e e

mmiie e aeviae i i e r erm,

aai ri remai a ke ema rw river.

pmie ri ie e miae

frm e Aeea rei were ema i a rwi a a

ier rae a eewere.

M o

1. smmar2. Iri a e f rer

3. Mii a rei f erie

4. Wr ri f erie5. prer a rer f erie r

6. Ieraia rae i erie7. cmi f erie

9. Vermiie rree a reerve10. perie rree a reerve

11. Mii a rei f vermiie

12. Wr ri f vermiie

13. prer a rer f vermiie r14. Ieraia rae i vermiie

15. cmi f vermiie

16. pmie rree a reerve17. Mii a rei f mie

18. Wr ri f mie/miie19. prer a rer f mie r

20. Ieraia rae i mie / miie21. cmi f mie

22. E e fr erie, vermiie a mie

23. prie fr erie, vermiie a mie

G u fom p xp

Who are the main producers of perlite, pumice andvermiie?

Which end use markets are declining and which areireai?

Where are the deposits of the minerals that have yet to bemmeria exie?

Which perlite markets have not been affected by theemi reei?

Which pumice producers are the largest exporters?

How does the supply versus demand versus gradeavaiaii f vermiie erae affe i rie?

0

50

100

150

200

250

300

2001 2002 2003 2004 2005 2006 2007 2008 2009

south afric: Unit vlue of export of vermiculite (Us$/t)

canada Japan Eu united state


27/27

hw rer r rer

Rememer, eae e rer a ame efre 20 Ma 2011.

Qei? Emai [email protected] r a +44 20 8944 0066

1. Ol:a www.rki.m/wa

3. cll+44 20 8944 0066

4. Fx fom o:

+44 20 8947 9568

2. Ml fom o:

Rki Ifrmai servie limie27a le R, l sW19 7bb, uK

1 f ura-liwei Areae: ga ir marke & k, 1 eii, 2011 a e

eia rie f 2805, us$4590, 3910 (vai if ame reeive efre 20 Ma 2011).

Aiia ie rie a 660, us$1080, 920 er

Pog pkg

uK eiver 7 Air pare/Fir ca Ere: 14, us$30, 20

crier eiver: 35, us$70, 55

name:

pii:

oraiai:

Are:

Emai:

te: Fax:

VAt mer (Eu )

Me f ame

I ee a eqe aae Rki Ifrmai servie l.

pame a ee mae r aker: bara bak plc, l sW1y 5AX

A/c n#: 30786551 sr e: 20-65-82 swif ce: bARc 22gb

IbAn: gb88 bARc 2065 8230 7865 51

peae ivie m mapeae ei m Maerar/ Via/ Amex

car n: seri ce.

Exir dae: siare:

bii are (if iffere frm ave):

sPeciaL

Pre-PUBLicatiOn

OFFer

setting the scene_ultra light wise aggregates_050211

Documents