Chinese titanium dioxide suppliers' stocks reduce
2023-03-22 08:35:11 [Print]
BEIJING (Asian Metal) 22 Mar 23 - As downstream consumers remained active in placing orders, Chinese rutile titanium dioxide suppliers witnessed reduced stocks in the past week. The current mainstream prices of Chinese rutile titanium dioxide 93%min increased to RMB16,100-16,600/t (USD2,341-2,414/t) D/A 180 days, up by RMB100/t (USD15/t) from early last week. As most suppliers have confidence in the market, insiders predict that the rutile titanium dioxide mainstream prices would increase further in the coming week.
"Encouraged by strong demand, we hold no stock now, down by 2,000t from last month," said a producer in North China, who quotes RMB17,000/t (USD2,472/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,500/t (USD2,398/t) for orders no less than 100t at present, while they could accept RMB16,400/t (USD2,384/t) for the same quantity when they quoted RMB16,800/t (USD2,442/t) early last week. They just sold around 100t to a regular client at around RMB16,500t (USD2,398/t) early this week. As most consumers remain active in placing orders, the producer plans to raise their price by around RMB100/t (USD15/t) next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD15/t) in the coming week.
The trader, with an annual production capacity of 130,000t, expects to produce about 8,000t in March, unchanged from last month. They produced nearly 116,200t in 2022 and around 23,000t so far in 2023. They hold no stock now, down by 2,000t from last month.
A producer in South China noted that they held around 2,000t of stocks now, down by 1,000t from last month. They offer RMB16,800/t (USD2,442/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,400/t (USD2,386/t) for orders no less than 100t now, while they could accept RMB16,300/t (USD2,372/t) for the same quantity when they offered RMB16,600/t (USD2,414/t) early last week. "We last sold around 100t to a regular client at around RMB16,300/t (USD2,372/t) early last week," said the producer, who stays in no hurry to sell at lower prices. Considering that the prices for raw materials show uptrend, the producer intends to raise their price by around RMB100/t (USD15/t) next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD15/t) in the following week.
Based on an annual production capacity of 140,000t, the producer would produce about 10,000t in March, unchanged MoM. They produced nearly 116,000t in 2022 and almost 16,000t so far in 2023. They hold around 2,000t of stocks now, down by 1,000t from last month.
"Encouraged by strong demand, we hold no stock now, down by 2,000t from last month," said a producer in North China, who quotes RMB17,000/t (USD2,472/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,500/t (USD2,398/t) for orders no less than 100t at present, while they could accept RMB16,400/t (USD2,384/t) for the same quantity when they quoted RMB16,800/t (USD2,442/t) early last week. They just sold around 100t to a regular client at around RMB16,500t (USD2,398/t) early this week. As most consumers remain active in placing orders, the producer plans to raise their price by around RMB100/t (USD15/t) next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD15/t) in the coming week.
The trader, with an annual production capacity of 130,000t, expects to produce about 8,000t in March, unchanged from last month. They produced nearly 116,200t in 2022 and around 23,000t so far in 2023. They hold no stock now, down by 2,000t from last month.
A producer in South China noted that they held around 2,000t of stocks now, down by 1,000t from last month. They offer RMB16,800/t (USD2,442/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,400/t (USD2,386/t) for orders no less than 100t now, while they could accept RMB16,300/t (USD2,372/t) for the same quantity when they offered RMB16,600/t (USD2,414/t) early last week. "We last sold around 100t to a regular client at around RMB16,300/t (USD2,372/t) early last week," said the producer, who stays in no hurry to sell at lower prices. Considering that the prices for raw materials show uptrend, the producer intends to raise their price by around RMB100/t (USD15/t) next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD15/t) in the following week.
Based on an annual production capacity of 140,000t, the producer would produce about 10,000t in March, unchanged MoM. They produced nearly 116,000t in 2022 and almost 16,000t so far in 2023. They hold around 2,000t of stocks now, down by 1,000t from last month.
