Chinese titanium dioxide market sees active inquiries
2023-04-13 08:08:03 [Print]
BEIJING (Asian Metal) 13 Apr 23 - As most consumers worried about the supply, Chinese rutile titanium dioxide market witnessed active inquiries in the past week. The mainstream prices of Chinese rutile titanium dioxide 93%min hover at RMB16,200-16,700/t (USD2,353-2,425/t) D/A 180 days at present, unchanged from early last week. As most suppliers stay in no hurry to sell, insiders predict that the rutile titanium dioxide mainstream prices would increase slightly in the coming week.
A producer in North China claimed that they received three inquiries so far this week, while they only received two inquiries last week. They quote RMB16,500/t (USD2,396/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,200/t (USD2,353/t) for orders no less than 200t at the moment, unchanged from early last week. "We last sold around 200t to a regular client at around RMB16,200/t (USD2,353/t) late last week," said the producer. Encouraged by active inquiries from downstream consumers, the producer plans to raise their price by around RMB100/t (USD15/t) next week and predicts that the titanium dioxide prices would rise by around RMB100/t (USD15/t) in the coming week.
Based on an annual production capacity of 160,000t, the producer would produce around 12,000t in April, down by 400t from March. They produced nearly 121,200t in 2022 and almost 37,200t so far in 2023.They hold around 6,000t of stocks now, down by 1,000t from last month.
"We received four inquiries so far this week, while we received three inquiries last week," said a producer in South China, who resumed production since late last week after overhaul. They offer RMB17,000/t (USD2,469/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,700/t (USD2,425/t) for orders no less than 100t at present, the same as early last week. They just sold around 100t to a regular client at around RMB16,700/t (USD2,425/t) early last week. As most consumers remain active in sending inquiries, the producer remains optimistic about 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 an annual production capacity of 400,000t, the producer expects to produce around 18,000t in April, down by 2,000t MoM. They produced nearly 337,000t in 2022 and almost 84,600t so far in 2023. They hold around 5,000t of stocks now, unchanged from last month.
A producer in North China claimed that they received three inquiries so far this week, while they only received two inquiries last week. They quote RMB16,500/t (USD2,396/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,200/t (USD2,353/t) for orders no less than 200t at the moment, unchanged from early last week. "We last sold around 200t to a regular client at around RMB16,200/t (USD2,353/t) late last week," said the producer. Encouraged by active inquiries from downstream consumers, the producer plans to raise their price by around RMB100/t (USD15/t) next week and predicts that the titanium dioxide prices would rise by around RMB100/t (USD15/t) in the coming week.
Based on an annual production capacity of 160,000t, the producer would produce around 12,000t in April, down by 400t from March. They produced nearly 121,200t in 2022 and almost 37,200t so far in 2023.They hold around 6,000t of stocks now, down by 1,000t from last month.
"We received four inquiries so far this week, while we received three inquiries last week," said a producer in South China, who resumed production since late last week after overhaul. They offer RMB17,000/t (USD2,469/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,700/t (USD2,425/t) for orders no less than 100t at present, the same as early last week. They just sold around 100t to a regular client at around RMB16,700/t (USD2,425/t) early last week. As most consumers remain active in sending inquiries, the producer remains optimistic about 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 an annual production capacity of 400,000t, the producer expects to produce around 18,000t in April, down by 2,000t MoM. They produced nearly 337,000t in 2022 and almost 84,600t so far in 2023. They hold around 5,000t of stocks now, unchanged from last month.
