Chinese titanium slag suppliers pessimistic about the market
2023-03-29 08:32:22 [Print]
BEIJING (Asian Metal) 29 Mar 23 - As most consumers remained inactive in sending inquiries, Chinese titanium slag suppliers remained pessimistic about the market in the past week. The current mainstream prices of Chinese titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) slid to RMB9,400-9,600/t (USD1,366-1,395/t) EXW D/A 180 days, down by RMB100/t (USD15/t) from early last week. As most suppliers plan to lower their prices to promote sales, insiders predict that the mainstream prices would show downtrend in the coming week.
A producer in North China claimed that discouraged by weak demand from downstream consumers, they remain pessimistic about the market. They quote RMB9,500/t (USD1,381/t) EXW D/A 180 days for titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) and could accept RMB9,400/t (USD1,366/t) for orders no less than 500t at present, while they insisted on RMB9,500/t (USD1,381/t) for the same quantity early last week. "We received an inquiry of 500t at around RMB9,400/t (USD1,366/t) from a regular client early last week, while we refused it," said the producer, who called the client again and finally sold about 500t at around RMB9,400/t (USD1,366/t) to the client early this week as they failed to receive any other inquiries. As most consumers remain inactive in sending inquiries, the producer intends to lower their price by around RMB100/t (USD15/t) next week and predicts that the titanium slag mainstream prices would decrease by around RMB100/t (USD15/t) in the coming week.
The producer, based on an annual production capacity of 72,000t, expects to produce around 3,000t in March, unchanged from February. They produced nearly 46,000t in 2022 and almost 8,000t so far in 2023. They hold around 500t of stocks now, up by 500t from last month.
"We have no confidence in the market as most clients remain inactive in purchasing," said another producer in North China, who received no inquiry so far this week, while they received two inquiries in total last week. They offer RMB9,600/t (USD1,395/t) EXW D/A 180 days for titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) and could accept RMB9,500/t (USD1,381/t) for orders no less than 200t at present, while they quoted RMB9,600/t (USD1,395/t) when they could accept no counteroffers early last week. They last sold around 200t to a regular client at about RMB9,600/t (USD1,395/t) early last week. Discouraged by inactive inquiries from downstream consumers, the producer remains pessimistic about the market next week and predicts that the titanium slag prices would decrease by around RMB100/t (USD15/t) in the following week.
With an annual production capacity of 30,000t, the producer would produce around 2,000t in March, unchanged from last month. They produced nearly 18,500t in 2022 and almost 6,000t so far in 2023. They hold no stock now, the same as last month.
A producer in North China claimed that discouraged by weak demand from downstream consumers, they remain pessimistic about the market. They quote RMB9,500/t (USD1,381/t) EXW D/A 180 days for titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) and could accept RMB9,400/t (USD1,366/t) for orders no less than 500t at present, while they insisted on RMB9,500/t (USD1,381/t) for the same quantity early last week. "We received an inquiry of 500t at around RMB9,400/t (USD1,366/t) from a regular client early last week, while we refused it," said the producer, who called the client again and finally sold about 500t at around RMB9,400/t (USD1,366/t) to the client early this week as they failed to receive any other inquiries. As most consumers remain inactive in sending inquiries, the producer intends to lower their price by around RMB100/t (USD15/t) next week and predicts that the titanium slag mainstream prices would decrease by around RMB100/t (USD15/t) in the coming week.
The producer, based on an annual production capacity of 72,000t, expects to produce around 3,000t in March, unchanged from February. They produced nearly 46,000t in 2022 and almost 8,000t so far in 2023. They hold around 500t of stocks now, up by 500t from last month.
"We have no confidence in the market as most clients remain inactive in purchasing," said another producer in North China, who received no inquiry so far this week, while they received two inquiries in total last week. They offer RMB9,600/t (USD1,395/t) EXW D/A 180 days for titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) and could accept RMB9,500/t (USD1,381/t) for orders no less than 200t at present, while they quoted RMB9,600/t (USD1,395/t) when they could accept no counteroffers early last week. They last sold around 200t to a regular client at about RMB9,600/t (USD1,395/t) early last week. Discouraged by inactive inquiries from downstream consumers, the producer remains pessimistic about the market next week and predicts that the titanium slag prices would decrease by around RMB100/t (USD15/t) in the following week.
With an annual production capacity of 30,000t, the producer would produce around 2,000t in March, unchanged from last month. They produced nearly 18,500t in 2022 and almost 6,000t so far in 2023. They hold no stock now, the same as last month.
