Chinese rutile market prices firm
2023-03-15 08:31:01 [Print]
BEIJING (Asian Metal) 15 Mar 23 - As most suppliers stayed in no hurry to sell, Chinese rutile market prices remained firm in the past week. The mainstream prices of Chinese rutile 95%min hover at RMB15,800-16,100/t (USD2,292-2,335/t) EXW D/P at present, unchanged from early last week. As most consumers watch the market, insiders predict that the mainstream prices would remain stable in the coming week.
A producer in South China claimed that they quoted RMB16,000/t (USD2,328/t) EXW D/P for rutile 95%min and could accept no counteroffers today, unchanged from early last week. "We received one inquiry so far this week, while we received two inquiries in total last week," said the producer, adding that most consumers remain cautious in placing orders. They last sold around 100t at about RMB16,000/t (USD2,328/t) to a regular client early last week. In spite of inactive inquiries, the producer stays in no hurry to sell next week due to limited supply and predicts that the mainstream prices would remain stable in the coming week.
With an annual production capacity of 120,000t, the producer would produce around 2,000t in March, unchanged from February. They produced nearly 22,000t in 2022 and almost 5,000t in 2023. They hold around 500t of stocks now, the same as last month.
"We offer RMB16,300/t (USD2,372/t) EXW D/P for rutile 95%min and could accept RMB16,000/t (USD2,328/t) for orders no less than 30t at the moment, unchanged from early last week," said another producer in South China. They last sold about 30t at around RMB16,000/t (USD2,328/t) to a regular client early last week. They received no inquiry so far this week, while they received one inquiry last week. Although most downstream consumers remain inactive in sending inquiries, the producer plans to hold their price firm next week as they hold no stock and he predicts that the mainstream prices would keep unchanged in the following week.
The trader, based on an annual production capacity of 5,000t, expects to produce around 60t in March, down by 140t from last month. They produced nearly 2,700t in 2022 and around 400t so far in 2023. They hold no stock now, unchanged from last month.
A producer in South China claimed that they quoted RMB16,000/t (USD2,328/t) EXW D/P for rutile 95%min and could accept no counteroffers today, unchanged from early last week. "We received one inquiry so far this week, while we received two inquiries in total last week," said the producer, adding that most consumers remain cautious in placing orders. They last sold around 100t at about RMB16,000/t (USD2,328/t) to a regular client early last week. In spite of inactive inquiries, the producer stays in no hurry to sell next week due to limited supply and predicts that the mainstream prices would remain stable in the coming week.
With an annual production capacity of 120,000t, the producer would produce around 2,000t in March, unchanged from February. They produced nearly 22,000t in 2022 and almost 5,000t in 2023. They hold around 500t of stocks now, the same as last month.
"We offer RMB16,300/t (USD2,372/t) EXW D/P for rutile 95%min and could accept RMB16,000/t (USD2,328/t) for orders no less than 30t at the moment, unchanged from early last week," said another producer in South China. They last sold about 30t at around RMB16,000/t (USD2,328/t) to a regular client early last week. They received no inquiry so far this week, while they received one inquiry last week. Although most downstream consumers remain inactive in sending inquiries, the producer plans to hold their price firm next week as they hold no stock and he predicts that the mainstream prices would keep unchanged in the following week.
The trader, based on an annual production capacity of 5,000t, expects to produce around 60t in March, down by 140t from last month. They produced nearly 2,700t in 2022 and around 400t so far in 2023. They hold no stock now, unchanged from last month.
