Chinese ilmenite concentrate market sees active inquiries
2023-03-15 08:30:56 [Print]
BEIJING (Asian Metal) 15 Mar 23 - Encouraged by strong demand from downstream consumers, Chinese ilmenite concentrate market witnessed active inquiries in the past week. The mainstream prices of Chinese ilmenite concentrate TiO2 50%min, Fe2O3 14%max hover at RMB3,000-3,050/t (USD435-442/t) EXW at present, unchanged from early last week
"We received three inquiries so far this week, while they received two inquiries last week," said a producer in South China, who quotes RMB3,050/t (USD442/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,000/t (USD435/t) for orders no less than 1,000t at present, unchanged from early last week. They last sold about 1,000t at around RMB3,000/t (USD435/t) to a regular client early last week. Encouraged by active inquiries from downstream consumers, the producer has confidence in the market next week and predicts that the mainstream prices would increase by around RMB20/t (USD3/t) in the coming week.
Based on an annual production capacity of 200,000t, the producer would produce about 5,000t in March, up by 5,000t MoM. They produced nearly 76,000t in 2022 and almost 5,000t so far in 2023 . They hold around 1,000t of stocks now, up by 1,000t from last month.
A trader in South China noted that they received two inquiries so far this week, while we received one inquiry in total last week. They insist on RMB3,020/t (USD439/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept no counteroffers at the moment, the same as early last week. "We last sold around 1,000t to a regular client at around RMB3,020/t (USD439/t) early this week," said the trader. Encouraged by limited supply in the spot market, the trader plans to raise their price by around RMB20/t (USD3/t) next week and predicts that the mainstream price would increase by around RMB20/t (USD3/t) in the following week.
With a regular monthly trading volume of 2,000t, the trader expects to sell about 2,000t in March, unchanged from last month. They sold nearly 40,000t in 2022 and almost 5,000t so far in 2023 . They hold around 1,000t of stocks now, down by 1,000t from last month.
. As most suppliers remain optimistic about the market, insiders predict that the Chinese ilmenite concentrate prices would increase further in the coming week.
"We received three inquiries so far this week, while they received two inquiries last week," said a producer in South China, who quotes RMB3,050/t (USD442/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,000/t (USD435/t) for orders no less than 1,000t at present, unchanged from early last week. They last sold about 1,000t at around RMB3,000/t (USD435/t) to a regular client early last week. Encouraged by active inquiries from downstream consumers, the producer has confidence in the market next week and predicts that the mainstream prices would increase by around RMB20/t (USD3/t) in the coming week.
Based on an annual production capacity of 200,000t, the producer would produce about 5,000t in March, up by 5,000t MoM. They produced nearly 76,000t in 2022 and almost 5,000t so far in 2023 . They hold around 1,000t of stocks now, up by 1,000t from last month.
A trader in South China noted that they received two inquiries so far this week, while we received one inquiry in total last week. They insist on RMB3,020/t (USD439/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept no counteroffers at the moment, the same as early last week. "We last sold around 1,000t to a regular client at around RMB3,020/t (USD439/t) early this week," said the trader. Encouraged by limited supply in the spot market, the trader plans to raise their price by around RMB20/t (USD3/t) next week and predicts that the mainstream price would increase by around RMB20/t (USD3/t) in the following week.
With a regular monthly trading volume of 2,000t, the trader expects to sell about 2,000t in March, unchanged from last month. They sold nearly 40,000t in 2022 and almost 5,000t so far in 2023 . They hold around 1,000t of stocks now, down by 1,000t from last month.