Chinese titanium dioxide market prices up
2023-03-07 08:33:13 [Print]
BEIJING (Asian Metal) 7 Mar 23 - As most suppliers remained optimistic about the market, Chinese rutile titanium dioxide market witnessed increased prices in the past week. The current mainstream prices of Chinese rutile titanium dioxide 93%min increased to RMB15,600-16,100/t (USD2,257-2,330/t) D/A 180 days, up by RMB200/t (USD29/t) from early last week. As titanium concentrate prices show uptrend, insiders predict that the rutile titanium dioxide mainstream prices would increase further in the coming week.
"We quote RMB16,500/t (USD2,388/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,000/t (USD2,316/t) for orders no less than 100t at present, while we could accept RMB15,800/t (USD2,296/t) for the same quantity when we quoted RMB16,000/t (USD2,316/t) early last week," said a producer in South China, who last sold around 100t to a regular client at around RMB15,800t (USD2,296/t) early last week. As titanium concentrate prices increased to RMB2,300/t (USD333/t) Ex-VAT, the producer plans to raise their price by around RMB200/t (USD29/t) next week and predicts that the titanium dioxide prices would increase by around RMB200/t (USD29/t) in the coming week.
The producer, based on an annual production capacity of 100,000t, expects to produce around 8,000t in March, up by 1,000t from last month. They produced nearly 99,500t in 2021 and around 94,500t in 2022. They hold around 2,000t of stocks now, down by 500t from last month.
Another producer in South China noted that encouraged by higher titanium concentrate prices, they offered RMB16,000/t (USD2,316/t) D/A 180 days for rutile titanium dioxide 93%min and could accept no counteroffers today, while they could accept RMB15,800/t (USD2,296/t) for orders no less than 100t when they offered RMB16,000/t (USD2,316/t) early last week. "We just sold around 100t to a regular client at around RMB16,000/t (USD2,316/t) early this week," said the producer, who stays in no hurry to sell due to higher prices for raw materials. Considering increased production cost, the producer has confidence in the market next week and predicts that the titanium dioxide prices would increase by around RMB200/t (USD29/t) in the following week.
With an annual production capacity of 50,000t, the producer would produce about 4,500t in March, up by 3,000t from last month. They produced nearly 46,800t in 2021 and almost 41,018t in 2022. They hold no stock now, unchanged from last month.
"We quote RMB16,500/t (USD2,388/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,000/t (USD2,316/t) for orders no less than 100t at present, while we could accept RMB15,800/t (USD2,296/t) for the same quantity when we quoted RMB16,000/t (USD2,316/t) early last week," said a producer in South China, who last sold around 100t to a regular client at around RMB15,800t (USD2,296/t) early last week. As titanium concentrate prices increased to RMB2,300/t (USD333/t) Ex-VAT, the producer plans to raise their price by around RMB200/t (USD29/t) next week and predicts that the titanium dioxide prices would increase by around RMB200/t (USD29/t) in the coming week.
The producer, based on an annual production capacity of 100,000t, expects to produce around 8,000t in March, up by 1,000t from last month. They produced nearly 99,500t in 2021 and around 94,500t in 2022. They hold around 2,000t of stocks now, down by 500t from last month.
Another producer in South China noted that encouraged by higher titanium concentrate prices, they offered RMB16,000/t (USD2,316/t) D/A 180 days for rutile titanium dioxide 93%min and could accept no counteroffers today, while they could accept RMB15,800/t (USD2,296/t) for orders no less than 100t when they offered RMB16,000/t (USD2,316/t) early last week. "We just sold around 100t to a regular client at around RMB16,000/t (USD2,316/t) early this week," said the producer, who stays in no hurry to sell due to higher prices for raw materials. Considering increased production cost, the producer has confidence in the market next week and predicts that the titanium dioxide prices would increase by around RMB200/t (USD29/t) in the following week.
With an annual production capacity of 50,000t, the producer would produce about 4,500t in March, up by 3,000t from last month. They produced nearly 46,800t in 2021 and almost 41,018t in 2022. They hold no stock now, unchanged from last month.
