Chinese titanium sponge prices increase
2016-04-27 09:47:11 [Print]
BEIJING (Asian Metal) 27 Apr 16 - Currently, the mainstream prices for titanium sponge 99.8%min stand at RMB45,000-46,500/t (USD6,923-7,153/t) ex works by cash payment and RMB46,000-47,500/t (USD7,076-7,307/t) ex works D/A for 6 months respectively, up by about RMB1,000 (USD153/t) from that of two weeks ago. Taking the firm price trend of production cost as well as the stable demand into consideration, it’s expected that the price of titanium sponge will remain on the stable but positive trend in the coming two weeks.
“Prices for raw material increased these days and we marked up the price of titanium sponge accordingly to avoid greater loss,” said a producer in North China, who disclosed that he raised the offer of titanium sponge 99.7%min by about RMB1,000 (USD153/t) to RMB46,000(USD7,076/t) ex works last week. “The spot material is rather tight, so I believe that the price is on uptrend,” added the source. He is negotiating with several potential consumers recently and 100 tons of titanium sponge orders can be secured with the current price quotations within this week.
The producer, who owns an annual production capacity of 10,000 tons of titanium sponge, produced around 800 tons last month and maintained the same output in April, holding light stocks of substandard material for the moment.
A consumer in North China reported that titanium sponge price increased during April and the market saw tight supply of the material continually. He ordered about 40 tons of titanium sponge 99.8%min at RMB46,000/t (USD7,076/t) ex works early this month. “The price edged up by RMB1,000 (USD153/t) from that of late March and the producer cannot offer the spot material at present,” said the source, revealed that the material can be only delivered to his plant after May Day.
With an annual consumption of about 500 tons of titanium sponge, the consumer uses 40-50 tons of the material monthly to produce titanium mill products. He consumed 50 tons last month and 40 tons in April, holding around 30 tons of stocks at present.
“Prices for raw material increased these days and we marked up the price of titanium sponge accordingly to avoid greater loss,” said a producer in North China, who disclosed that he raised the offer of titanium sponge 99.7%min by about RMB1,000 (USD153/t) to RMB46,000(USD7,076/t) ex works last week. “The spot material is rather tight, so I believe that the price is on uptrend,” added the source. He is negotiating with several potential consumers recently and 100 tons of titanium sponge orders can be secured with the current price quotations within this week.
The producer, who owns an annual production capacity of 10,000 tons of titanium sponge, produced around 800 tons last month and maintained the same output in April, holding light stocks of substandard material for the moment.
A consumer in North China reported that titanium sponge price increased during April and the market saw tight supply of the material continually. He ordered about 40 tons of titanium sponge 99.8%min at RMB46,000/t (USD7,076/t) ex works early this month. “The price edged up by RMB1,000 (USD153/t) from that of late March and the producer cannot offer the spot material at present,” said the source, revealed that the material can be only delivered to his plant after May Day.
With an annual consumption of about 500 tons of titanium sponge, the consumer uses 40-50 tons of the material monthly to produce titanium mill products. He consumed 50 tons last month and 40 tons in April, holding around 30 tons of stocks at present.
Titanium Sponge 99.7%min EXW China
Unit:RMB/mt
China's titanium sponge producers' suspension number statistics by province by month
Unit: pcs
