Chinese ferrotitanium suppliers reduced output
2023-03-28 08:28:40 [Print]
BEIJING (Asian Metal) 28 Mar 23 - As most consumers remained inactive in placing orders, Chinese ferrotitanium 30% suppliers reduced their output in the past weeks. The mainstream prices of Chinese ferrotitanium 30% hover at RMB13,000-13,300/t (USD1,890-1,934/t) EXW D/A 180 days based on Ti 25%min at present, unchanged from early last week. As most suppliers stay in no hurry to lower their prices, insiders predict that the mainstream prices would remain stable in the coming week.
A producer in North China claimed that discouraged by rare orders from downstream steel mills, they ceased production early this week and reduced their output to 150t this month, down by 50t from last month. They quote RMB13,500/t (USD1,963/t) EXW D/A 180 days based on Ti 25%min for ferrotitanium 30% and could accept RMB13,300/t (USD1,934/t) for orders no less than 30t at present, unchanged from early last week. "We last sold about 30t at around RMB13,300/t (USD1,934/t) to a regular client early last week," said the producer. Although most steel mills remain inactive in placing orders, the producer thinks that lowering prices cannot promote sales in front of weak demand and predicts that the mainstream prices would keep stable in the coming week.
Based on an annual production capacity of 40,000t, the producer would produce 150t in March, down by 50t from last month. They produced nearly 1,900t in 2022 and around 450t so far in 2023. They hold around 50t of stocks now, up by 50t from last month.
"Discouraged by soft demand from end users, our output in March decreased to 700t, down by around 300t MoM," said a producer in South China, who offers RMB13,300/t (USD1,934/t) EXW D/A 180 days based on Ti 25%min for ferrotitanium 30% and could accept RMB13,200/t (USD1,919/t) for orders no less than 30t at the moment, the same as early last week. They failed to conclude any deals after they last sold about 30t at around RMB13,200/t (USD1,919/t) to a regular client early last week. Considering firm prices for raw materials, the producer plans to hold their prices stable next week and predicts that the mainstream prices would remain unchanged in the following week.
With an annual production capacity of 20,000t, the producer would produce around 700t in March, down by 300t from last month. They produced nearly10,100t in 2022 and almost 2,100t so far in 2023. They hold around 400t of stocks now, up by 200t from last month.
A producer in North China claimed that discouraged by rare orders from downstream steel mills, they ceased production early this week and reduced their output to 150t this month, down by 50t from last month. They quote RMB13,500/t (USD1,963/t) EXW D/A 180 days based on Ti 25%min for ferrotitanium 30% and could accept RMB13,300/t (USD1,934/t) for orders no less than 30t at present, unchanged from early last week. "We last sold about 30t at around RMB13,300/t (USD1,934/t) to a regular client early last week," said the producer. Although most steel mills remain inactive in placing orders, the producer thinks that lowering prices cannot promote sales in front of weak demand and predicts that the mainstream prices would keep stable in the coming week.
Based on an annual production capacity of 40,000t, the producer would produce 150t in March, down by 50t from last month. They produced nearly 1,900t in 2022 and around 450t so far in 2023. They hold around 50t of stocks now, up by 50t from last month.
"Discouraged by soft demand from end users, our output in March decreased to 700t, down by around 300t MoM," said a producer in South China, who offers RMB13,300/t (USD1,934/t) EXW D/A 180 days based on Ti 25%min for ferrotitanium 30% and could accept RMB13,200/t (USD1,919/t) for orders no less than 30t at the moment, the same as early last week. They failed to conclude any deals after they last sold about 30t at around RMB13,200/t (USD1,919/t) to a regular client early last week. Considering firm prices for raw materials, the producer plans to hold their prices stable next week and predicts that the mainstream prices would remain unchanged in the following week.
With an annual production capacity of 20,000t, the producer would produce around 700t in March, down by 300t from last month. They produced nearly10,100t in 2022 and almost 2,100t so far in 2023. They hold around 400t of stocks now, up by 200t from last month.
