Chinese titanium dioxide export market prices up
2023-03-23 08:24:08 [Print]
BEIJING (Asian Metal) 23 Mar 23 - Encouraged by increased domestic market prices, Chinese rutile titanium dioxide suppliers raise their export prices accordingly in the past week. The current mainstream prices of Chinese rutile titanium dioxide 93%min rose to USD2,260-2,360/t FOB China, up by USD10/t from early last week. As most suppliers remain optimistic about the market, insiders predict that the rutile titanium dioxide mainstream export prices would increase further in the coming week.
A producer in South China claimed that they quoted USD2,350/t FOB China for rutile titanium dioxide 93%min and could accept USD2,300/t for orders no less than 100t today, while they could accept USD2,290/t for the same quantity when they offered USD2,300/t early last week. "Most of our customers overseas remain active in placing orders and we have confidence in the market," said the producer, who just sold about 100t to a regular client at around USD2,300/t early this week. As domestic prices increased to RMB16,000/t (USD2,323/t), the producer plans to raise their prices by around USD20/t next week and predicts that the titanium dioxide export prices would increase by around USD20/t in the coming week.
With an annual production capacity of 180,000t, the producer expects to produce about 10,000t in March, unchanged from February. They produced nearly 111,000t in 2022 and almost 26,000t so far in 2023. They hold around 2,000t of stocks now, down by 1,000t from last month.
"We offer USD2,400/t FOB China for rutile titanium dioxide 93%min and could accept USD2,360/t for orders no less than 20t at present, while we could accept USD2,350/t for the same quantity when we quoted USD2,400/t early last week," said another producer in South China, who last sold about 20t to a regular client at around USD2,350/t FOB China late last week. Encouraged by higher domestic market prices and limited stocks, the producer has confidence in the market next week and predicts that the titanium dioxide export prices would increase by around USD20/t in the following week.
With an annual production capacity of 30,000t, the producer would produce 1,500t in March, down by 1,000t from last month. They produced nearly 27,300t in 2022 and almost 6,500t so far in 2023. They hold no stock now, the same as last month.
A producer in South China claimed that they quoted USD2,350/t FOB China for rutile titanium dioxide 93%min and could accept USD2,300/t for orders no less than 100t today, while they could accept USD2,290/t for the same quantity when they offered USD2,300/t early last week. "Most of our customers overseas remain active in placing orders and we have confidence in the market," said the producer, who just sold about 100t to a regular client at around USD2,300/t early this week. As domestic prices increased to RMB16,000/t (USD2,323/t), the producer plans to raise their prices by around USD20/t next week and predicts that the titanium dioxide export prices would increase by around USD20/t in the coming week.
With an annual production capacity of 180,000t, the producer expects to produce about 10,000t in March, unchanged from February. They produced nearly 111,000t in 2022 and almost 26,000t so far in 2023. They hold around 2,000t of stocks now, down by 1,000t from last month.
"We offer USD2,400/t FOB China for rutile titanium dioxide 93%min and could accept USD2,360/t for orders no less than 20t at present, while we could accept USD2,350/t for the same quantity when we quoted USD2,400/t early last week," said another producer in South China, who last sold about 20t to a regular client at around USD2,350/t FOB China late last week. Encouraged by higher domestic market prices and limited stocks, the producer has confidence in the market next week and predicts that the titanium dioxide export prices would increase by around USD20/t in the following week.
With an annual production capacity of 30,000t, the producer would produce 1,500t in March, down by 1,000t from last month. They produced nearly 27,300t in 2022 and almost 6,500t so far in 2023. They hold no stock now, the same as last month.
