Ningbo Xinfu raises titanium dioxide price significantly
2016-08-24 18:18:39 [Print]
BEIJING (Asian Metal) 24 Aug 16 - Ningbo Xinfu Titanium Dioxide Co. (Xinfu or The company for short) announced significant price increases for all its titanium dioxide pigments on 24 Aug.
A source from the company reported to Asian Metal that they raised the price of titanium dioxide by RMB1,000/t (USD150/t) and USD100/t on the domestic and export markets respectively on Wednesday and the new price policy was effective immediately. “We marked up the price to RMB13,300/t (USD1,994/t) ex works and USD1,950 on 2 Aug and have decided to increase further the quotations owing to the rather tight supply.”
According to the source, they are offering at around RMB14,300/t (USD2,143/t) ex works in the domestic market and USD2,050/t FOB China for the overseas market currently. Additionally, the source mentioned that they would manage less than 7,000 tonnes of titanium dioxide this month, a 3,000 tonnes decrease compared with July, and are holding no stocks at present.
Located in Ningbo, Zhejiang province, with an annual production capacity of 100,000 tons for titanium dioxide LXinfu was founded in 2000 and has developed rapidly over the past 15 years. The company is one of the important titanium dioxide producers in China, known for its high-quality, rutile-type and non-pigment titanium dioxide products.
A source from the company reported to Asian Metal that they raised the price of titanium dioxide by RMB1,000/t (USD150/t) and USD100/t on the domestic and export markets respectively on Wednesday and the new price policy was effective immediately. “We marked up the price to RMB13,300/t (USD1,994/t) ex works and USD1,950 on 2 Aug and have decided to increase further the quotations owing to the rather tight supply.”
According to the source, they are offering at around RMB14,300/t (USD2,143/t) ex works in the domestic market and USD2,050/t FOB China for the overseas market currently. Additionally, the source mentioned that they would manage less than 7,000 tonnes of titanium dioxide this month, a 3,000 tonnes decrease compared with July, and are holding no stocks at present.
Located in Ningbo, Zhejiang province, with an annual production capacity of 100,000 tons for titanium dioxide LXinfu was founded in 2000 and has developed rapidly over the past 15 years. The company is one of the important titanium dioxide producers in China, known for its high-quality, rutile-type and non-pigment titanium dioxide products.
Titanium Dioxide R TiO2 93%min FOB China
Unit:USD/mt
China titanium dioxide producers' sales to production ratio statistics by province by month
Unit: %
