Imported titanium dioxide prices in Thailand increase
2023-03-02 08:29:33 [Print]
BEIJING (Asian Metal) 2 Mar 23 - Encouraged by higher Chinese export market prices, imported rutile titanium dioxide suppliers in Thailand raised their prices in the past week. Current mainstream prices of imported rutile titanium dioxide 93%min in Thailand rose to USD2,200-2,300/t CIF Thailand, up by USD50/t from early last week. As most consumers remain active in sending inquiries, insiders predict that the imported rutile titanium dioxide prices in Thailand would increase further in the coming week.
"We quote USD2,300/t CIF Thailand for rutile titanium dioxide 93%min and could accept USD2,280/t for orders no less than 20t at present, while we could accept USD2,230/t for the same quantity when we quoted USD2,250/t early last week," said a trader in Thailand, who last sold about 10t at around USD2,230/t to a regular client early last week. They received two inquiries so far this week, while they received only one inquiry in total last week. Encouraged by active inquiries from downstream consumers, the trader plans to raise their price by around USD20/t next week and predicts that the imported titanium dioxide prices would increase by around USD20/t in the coming week.
The trader, based on a regular monthly trading volume of 20t, sold about 10t in February, unchanged MoM. They hold around 10t of stocks now, the same as January. They sold nearly 200t in 2021 and almost 150t in 2022.
Another trader in Thailand noted that they offered USD2,300/t CIF Thailand for rutile titanium dioxide 93%min and could accept no counteroffers today, while they quoted USD2,300/t and could accept USD2,250/t for orders no less than 20t early last week. "We received four inquiries so far this week, while we received only three inquiries last week," said the trader, who last bought about 20t at around USD2,250/t early last week. As the demand from consumers picks up gradually and Chinese export prices show uptrend, the trader remains optimistic about the market and predicts that the imported titanium dioxide price would increase by around USD20/t in the following week.
With a regular monthly trading volume of 200t, the trader sold about 180t in February, up by 30t from January. They sold nearly 2,400t in 2021 and almost 2,000t in 2022. They hold around 100t of stocks now, unchanged from last month.
"We quote USD2,300/t CIF Thailand for rutile titanium dioxide 93%min and could accept USD2,280/t for orders no less than 20t at present, while we could accept USD2,230/t for the same quantity when we quoted USD2,250/t early last week," said a trader in Thailand, who last sold about 10t at around USD2,230/t to a regular client early last week. They received two inquiries so far this week, while they received only one inquiry in total last week. Encouraged by active inquiries from downstream consumers, the trader plans to raise their price by around USD20/t next week and predicts that the imported titanium dioxide prices would increase by around USD20/t in the coming week.
The trader, based on a regular monthly trading volume of 20t, sold about 10t in February, unchanged MoM. They hold around 10t of stocks now, the same as January. They sold nearly 200t in 2021 and almost 150t in 2022.
Another trader in Thailand noted that they offered USD2,300/t CIF Thailand for rutile titanium dioxide 93%min and could accept no counteroffers today, while they quoted USD2,300/t and could accept USD2,250/t for orders no less than 20t early last week. "We received four inquiries so far this week, while we received only three inquiries last week," said the trader, who last bought about 20t at around USD2,250/t early last week. As the demand from consumers picks up gradually and Chinese export prices show uptrend, the trader remains optimistic about the market and predicts that the imported titanium dioxide price would increase by around USD20/t in the following week.
With a regular monthly trading volume of 200t, the trader sold about 180t in February, up by 30t from January. They sold nearly 2,400t in 2021 and almost 2,000t in 2022. They hold around 100t of stocks now, unchanged from last month.
