Chinese titanium dioxide prices stable
2023-03-28 08:28:38 [Print]
BEIJING (Asian Metal) 28 Mar 23 - As titanium concentrate prices remained stable, Chinese rutile titanium dioxide suppliers held their prices firm in the past week. The mainstream prices of Chinese rutile titanium dioxide 93%min hover at RMB16,100-16,600/t (USD2,340-2,413/t) D/A 180 days at present, unchanged from early last week. As most suppliers stay in no hurry to sell at low prices, insiders predict that the rutile titanium dioxide mainstream prices would show uptrend in the coming week.
A producer in South China claimed that as titanium concentrate prices remained firm, they offered RMB16,300/t (USD2,369/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,100/t (USD2,340/t) for orders no less than 100t today, unchanged from early last week. "We last sold around 100t to a regular client at around RMB16,100/t (USD2,340/t) early last week," said the producer, who remains optimistic about the market due to no stock pressures. Encouraged by tight supply and strong demand from end users, 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 producer, with an annual production capacity of 50,000t, expects to produce about 4,500t in March, up by 3,000t from last month. They produced nearly 41,018t in 2022 and almost 6,500t so far in 2023. They hold no stock now, unchanged from last month.
"We quote RMB16,500/t (USD2,398/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,200/t (USD2,354/t) for orders no less than 30t at present, the same as early last week," said a trader in South China, adding that they find it hard to purchase the materials at prices lower than RMB16,100/t (USD2,340/t) from producers in the spot market. They last sold around 30t to a regular client at around RMB16,200/t (USD2,354/t) late last week. As most producers face firm prices for titanium concentrate and refuse to accept lower prices, the trader has confidence in the market next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD15/t) in the following week.
Based on a monthly trading volume of 3,000t, the trader would sell about 3,000t in March, unchanged from last month. They sold nearly 25,000t in 2022 and around 8,000t so far in 2023. They hold around 1,000t of stocks now, the same as last month.
A producer in South China claimed that as titanium concentrate prices remained firm, they offered RMB16,300/t (USD2,369/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,100/t (USD2,340/t) for orders no less than 100t today, unchanged from early last week. "We last sold around 100t to a regular client at around RMB16,100/t (USD2,340/t) early last week," said the producer, who remains optimistic about the market due to no stock pressures. Encouraged by tight supply and strong demand from end users, 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 producer, with an annual production capacity of 50,000t, expects to produce about 4,500t in March, up by 3,000t from last month. They produced nearly 41,018t in 2022 and almost 6,500t so far in 2023. They hold no stock now, unchanged from last month.
"We quote RMB16,500/t (USD2,398/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,200/t (USD2,354/t) for orders no less than 30t at present, the same as early last week," said a trader in South China, adding that they find it hard to purchase the materials at prices lower than RMB16,100/t (USD2,340/t) from producers in the spot market. They last sold around 30t to a regular client at around RMB16,200/t (USD2,354/t) late last week. As most producers face firm prices for titanium concentrate and refuse to accept lower prices, the trader has confidence in the market next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD15/t) in the following week.
Based on a monthly trading volume of 3,000t, the trader would sell about 3,000t in March, unchanged from last month. They sold nearly 25,000t in 2022 and around 8,000t so far in 2023. They hold around 1,000t of stocks now, the same as last month.
