Chinese titanium concentrate prices decline
2015-12-25 09:46:28 [Print]
BEIJING (Asian Metal) 25 Dec 15 - Chinese titanium concentrate markets continue to suffer from poor downstream buying activity, as a result of which the prices slid accordingly. Currently, the mainstream transaction prices of titanium concentrate 50%min fell by about RMB50/t (USD7.8/t) to RMB630-700/t (USD98-109/t) ex works
A Liaoning-based titanium slag producer stated that they purchased 200 tons of titanium concentrate 50%min at RMB700/t (USD109/t) ex works VAT included two weeks ago, the price dropped by RMB80/t (USD12.5/t) compared with that of last month . “It’s easy to buy titanium concentrate these days as the sellers are struggling to find consumers,” said the producer, revealing that they reduced the titanium slag production these two months and purchased less titanium concentrate accordingly.
According to the producer, their annual capacity of titanium slag can reach to 6,000 tons when running at full capacity. However, the poor demand from downstream market and the decreasing price of titanium slag caused him tight fund pressure . He would not stockpile more titanium concentrate before Spring Festival.
Another titanium concentrate trader in Chongqing confirmed that their price of titanium concentrate 50%min moved down to RMB680/t (USD106/t) ex works VAT included. “Compared with that of last month, the price declined by about RMB50/t (USD7.8/t),” said the producer. He disclosed that the foreign producers lowered the price by RMB32/t (USD5/t) this month to encourage him sign the contracts.
The trader conveyed that they imported 2,000 tons of titanium concentrate last month but this month the domestic orders decreased and the trading volume can narrowly reach to 1,000 tons. He predicts that the price of titanium concentrate will remain on the dim trend because of the poor demand.
. Sources doubt titanium concentrate markets will see a recovery in demand and price during the remainder of this year. A Liaoning-based titanium slag producer stated that they purchased 200 tons of titanium concentrate 50%min at RMB700/t (USD109/t) ex works VAT included two weeks ago, the price dropped by RMB80/t (USD12.5/t) compared with that of last month . “It’s easy to buy titanium concentrate these days as the sellers are struggling to find consumers,” said the producer, revealing that they reduced the titanium slag production these two months and purchased less titanium concentrate accordingly.
According to the producer, their annual capacity of titanium slag can reach to 6,000 tons when running at full capacity. However, the poor demand from downstream market and the decreasing price of titanium slag caused him tight fund pressure . He would not stockpile more titanium concentrate before Spring Festival.
Another titanium concentrate trader in Chongqing confirmed that their price of titanium concentrate 50%min moved down to RMB680/t (USD106/t) ex works VAT included. “Compared with that of last month, the price declined by about RMB50/t (USD7.8/t),” said the producer. He disclosed that the foreign producers lowered the price by RMB32/t (USD5/t) this month to encourage him sign the contracts.
The trader conveyed that they imported 2,000 tons of titanium concentrate last month but this month the domestic orders decreased and the trading volume can narrowly reach to 1,000 tons. He predicts that the price of titanium concentrate will remain on the dim trend because of the poor demand.