Chinese titanium dioxide suppliers optimistic about the market
2023-04-19 08:34:17 [Print]
BEIJING (Asian Metal) 19 Apr 23 - As most consumers remained active in sending inquiries, Chinese rutile titanium dioxide suppliers remained optimistic about the market in the past week. The current mainstream prices of Chinese rutile titanium dioxide 93%min increased to RMB16,300-16,800/t (USD2,369-2,441/t) D/A 180 days, up by RMB100/t (USD15/t) from early last week. As most suppliers hold limited stocks, insiders predict that the rutile titanium dioxide mainstream prices would increase further in the coming week.
"Encouraged by active inquiries from downstream consumers, we remain optimistic about the market," said a producer in South China, who received 2-3 inquiries a day so far this week, while they received 1-2 inquiries a day last week. They offer RMB16,300/t (USD2,369/t) D/A 180 days for rutile titanium dioxide 93%min and could accept no counteroffers at present, while they could accept RMB16,200/t (USD2,358/t) for orders no less than 100t when they quoted RMB16,300/t (USD2,369/t) early last week. They just sold around 100t to a regular client at around RMB16,300/t (USD2,369/t) early last week. As most consumers come back to the market, 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 April, unchanged from last month. They produced nearly 41,018t in 2022 and almost 9,000t so far in 2023. They hold no stock now, the same as last month.
Another producer in South China noted that they had confidence in the market encouraged by active inquiries from downstream consumers. They quote RMB16,500/t (USD2,401/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,300/t (USD2,369/t) for orders no less than 100t at the moment, while they could accept RMB16,200/t (USD2,358/t) for the same quantity when they quoted RMB16,500/t (USD2,401/t) early last week. "We received four inquiries so far this week, while we received three inquiries in total last week," said the producer, who last sold around 100t to a regular client at around RMB16,200/t (USD2,358/t) early last week. Considering strong demand and no stock pressure, the producer has confidence in the market next week and predicts that the titanium dioxide prices would rise by around RMB100/t (USD15/t) in the following week.
Based on an annual production capacity of 100,000t, the producer would produce about 6,500t in April, down by 500t from March. They produced nearly 73,000t in 2022 and almost 21,000t till now in 2023. They hold no stock now, down by 3,000t MoM.
"Encouraged by active inquiries from downstream consumers, we remain optimistic about the market," said a producer in South China, who received 2-3 inquiries a day so far this week, while they received 1-2 inquiries a day last week. They offer RMB16,300/t (USD2,369/t) D/A 180 days for rutile titanium dioxide 93%min and could accept no counteroffers at present, while they could accept RMB16,200/t (USD2,358/t) for orders no less than 100t when they quoted RMB16,300/t (USD2,369/t) early last week. They just sold around 100t to a regular client at around RMB16,300/t (USD2,369/t) early last week. As most consumers come back to the market, 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 April, unchanged from last month. They produced nearly 41,018t in 2022 and almost 9,000t so far in 2023. They hold no stock now, the same as last month.
Another producer in South China noted that they had confidence in the market encouraged by active inquiries from downstream consumers. They quote RMB16,500/t (USD2,401/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,300/t (USD2,369/t) for orders no less than 100t at the moment, while they could accept RMB16,200/t (USD2,358/t) for the same quantity when they quoted RMB16,500/t (USD2,401/t) early last week. "We received four inquiries so far this week, while we received three inquiries in total last week," said the producer, who last sold around 100t to a regular client at around RMB16,200/t (USD2,358/t) early last week. Considering strong demand and no stock pressure, the producer has confidence in the market next week and predicts that the titanium dioxide prices would rise by around RMB100/t (USD15/t) in the following week.
Based on an annual production capacity of 100,000t, the producer would produce about 6,500t in April, down by 500t from March. They produced nearly 73,000t in 2022 and almost 21,000t till now in 2023. They hold no stock now, down by 3,000t MoM.
