Chinese ilmenite concentrate suppliers optimistic about the market
2023-04-11 08:34:47 [Print]
BEIJING (Asian Metal) 11 Apr 23 - As most downstream consumers remained active in placing orders, Chinese ilmenite concentrate suppliers remained optimistic about the market in the past week. The mainstream prices of Chinese ilmenite concentrate TiO2 50%min, Fe2O3 14%max hover at RMB3,020-3,070/t (USD439-446/t) EXW at present, unchanged from early last week. As most suppliers hold limited stocks, insiders predict that the Chinese ilmenite concentrate prices would increase slightly in the coming week.
A producer in South China claimed that they remained optimistic about the market as most consumers remained active in sending inquiries. They quote RMB3,050/t (USD444/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,020/t (USD439/t) for orders no less than 1,000t at the moment, the same as early last week. "We last sold around 1,000t to a regular client at around RMB3,020/t (USD439/t) early last week," said the producer, who received two inquiries so far this week, while they received only one inquiry last week. Encouraged by active inquiries from downstream consumers, the producer plans to raise their price by around RMB20/t (USD3/t) next week and predicts that the mainstream price would increase by around RMB20/t (USD3/t) in the coming week.
Based on an annual production capacity of 200,000t, the producer would produce about 8,000t in April, unchanged from March. They produced nearly 90,000t in 2022 and almost 10,000t so far in 2023. They hold no stock now, unchanged from last month.
"We have confidence in the market due to strong demand from downstream clients," said another producer in South China, who received three inquiries so far this week, while they received two inquiries last week. They quote RMB3,100/t (USD451/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,050/t (USD444/t) for orders no less than 1,000t at present, unchanged from early last week. They last sold about 1,000t at around RMB3,050/t (USD444/t) to a regular client early last week. As most downstream consumers place orders actively, the producer remains optimistic about the market next week and predicts that the mainstream prices would increase by around RMB20/t (USD3/t) in the following week.
With an annual production capacity of 72,000t, the producer expects to produce about 8,000t in April, unchanged from last month. They produced nearly 50,000t in 2022 and almost 20,000t so far in 2023. They hold about 1,000t of stocks now, unchanged from last month.
A producer in South China claimed that they remained optimistic about the market as most consumers remained active in sending inquiries. They quote RMB3,050/t (USD444/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,020/t (USD439/t) for orders no less than 1,000t at the moment, the same as early last week. "We last sold around 1,000t to a regular client at around RMB3,020/t (USD439/t) early last week," said the producer, who received two inquiries so far this week, while they received only one inquiry last week. Encouraged by active inquiries from downstream consumers, the producer plans to raise their price by around RMB20/t (USD3/t) next week and predicts that the mainstream price would increase by around RMB20/t (USD3/t) in the coming week.
Based on an annual production capacity of 200,000t, the producer would produce about 8,000t in April, unchanged from March. They produced nearly 90,000t in 2022 and almost 10,000t so far in 2023. They hold no stock now, unchanged from last month.
"We have confidence in the market due to strong demand from downstream clients," said another producer in South China, who received three inquiries so far this week, while they received two inquiries last week. They quote RMB3,100/t (USD451/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,050/t (USD444/t) for orders no less than 1,000t at present, unchanged from early last week. They last sold about 1,000t at around RMB3,050/t (USD444/t) to a regular client early last week. As most downstream consumers place orders actively, the producer remains optimistic about the market next week and predicts that the mainstream prices would increase by around RMB20/t (USD3/t) in the following week.
With an annual production capacity of 72,000t, the producer expects to produce about 8,000t in April, unchanged from last month. They produced nearly 50,000t in 2022 and almost 20,000t so far in 2023. They hold about 1,000t of stocks now, unchanged from last month.
