Chinese titanium slag market prices up
2023-04-18 08:33:19 [Print]
BEIJING (Asian Metal) 18 Apr 23 - As the demand from most consumers picked up, Chinese titanium slag suppliers raised their prices in the past week. The current mainstream prices of Chinese titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) rose to RMB9,550-9,750/t (USD1,390-1,419/t) EXW D/A 180 days, up by RMB50/t (USD7/t) from early last week. As most consumers come back to the market, insiders predict that the mainstream prices would increase further in the coming week.
"We offer RMB9,600/t (USD1,397/t) EXW D/A 180 days for titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) and could accept RMB9,550/t (USD1,390/t) for orders no less than 500t at present, while we quoted RMB9,550/t (USD1,390/t) when we could accept RMB9,500/t (USD1,383/t) for the same quantity early last week," said a producer in North China, who regains confidence in the market as most consumers come back to the market. They last sold around 500t to a regular client at about RMB9,500/t (USD1,383/t) early last week. Encouraged by rebounding demand from downstream consumers, the producer plans to raise their price by around RMB50/t (USD7/t) next week and predicts that the titanium slag prices would increase by around RMB50/t (USD7/t) in the coming week.
The producer, based on an annual production capacity of 72,000t, expects to produce around 3,000t in April, unchanged from March. They produced nearly 46,000t in 2022 and almost 9,500t so far in 2023. They hold around 500t of stocks now, unchanged from last month.
Another producer in North China noted that they quoted RMB9,800/t (USD1,426/t) EXW D/A 180 days for titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) and could accept RMB9,750/t (USD1,419/t) for orders no less than 200t today, while they could accept RMB9,700/t (USD1,412/t) for the same quantity when they quoted RMB9,800/t (USD1,426/t) early last week. "We received two inquiries today, while we only received one inquiry in total last week," said the producer, who last sold about 200t at around RMB9,700/t (USD1,412/t) to a regular client early last week. As most downstream consumers remain active in sending inquiries, the producer has confidence in the market next week and predicts that the titanium slag mainstream prices would increase by around RMB50/t (USD7/t) in the following week.
With an annual production capacity of 36,000t, they produced nearly 8,200t in 2022 and around 1,000t so far in 2023. They would produce around 1,000t in April, up by 600t from March. They hold around 200t of stocks now, up by 100t from last month.
"We offer RMB9,600/t (USD1,397/t) EXW D/A 180 days for titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) and could accept RMB9,550/t (USD1,390/t) for orders no less than 500t at present, while we quoted RMB9,550/t (USD1,390/t) when we could accept RMB9,500/t (USD1,383/t) for the same quantity early last week," said a producer in North China, who regains confidence in the market as most consumers come back to the market. They last sold around 500t to a regular client at about RMB9,500/t (USD1,383/t) early last week. Encouraged by rebounding demand from downstream consumers, the producer plans to raise their price by around RMB50/t (USD7/t) next week and predicts that the titanium slag prices would increase by around RMB50/t (USD7/t) in the coming week.
The producer, based on an annual production capacity of 72,000t, expects to produce around 3,000t in April, unchanged from March. They produced nearly 46,000t in 2022 and almost 9,500t so far in 2023. They hold around 500t of stocks now, unchanged from last month.
Another producer in North China noted that they quoted RMB9,800/t (USD1,426/t) EXW D/A 180 days for titanium slag 90%min (Ca 0.3%max,Mg 1.0%max) and could accept RMB9,750/t (USD1,419/t) for orders no less than 200t today, while they could accept RMB9,700/t (USD1,412/t) for the same quantity when they quoted RMB9,800/t (USD1,426/t) early last week. "We received two inquiries today, while we only received one inquiry in total last week," said the producer, who last sold about 200t at around RMB9,700/t (USD1,412/t) to a regular client early last week. As most downstream consumers remain active in sending inquiries, the producer has confidence in the market next week and predicts that the titanium slag mainstream prices would increase by around RMB50/t (USD7/t) in the following week.
With an annual production capacity of 36,000t, they produced nearly 8,200t in 2022 and around 1,000t so far in 2023. They would produce around 1,000t in April, up by 600t from March. They hold around 200t of stocks now, up by 100t from last month.
