Chinese ferrotitanium market prices down
2023-04-20 08:22:21 [Print]
BEIJING (Asian Metal) 20 Apr 23 - As most consumers remained inactive in sending inquiries, Chinese ferrotitanium 30% suppliers lowered their prices in the past weeks. The current mainstream prices of Chinese ferrotitanium 30% decreased to RMB12,900-13,200/t (USD1,877-1,921/t) EXW D/A 180 days based on Ti 25%min, down by RMB200/t (USD29/t) from early last week. As most suppliers have no confidence in the market, insiders predict that the mainstream prices would decrease further in the coming week.
A producer in South China claimed that they quoted RMB13,000/t (USD1,889/t) EXW D/A 180 days based on Ti 25%min for ferrotitanium 30% and could accept RMB12,900/t (USD1,877/t) for orders no less than 30t today, while they quoted RMB13,200/t (USD1,918/t) and could accept RMB13,000/t (USD1,903/t) for the same quantity early last week. "We received an inquiry of 30t at around RMB12,900/t (USD1,877/t) from a regular client early last week, while we refused it," said the producer, who called the client again and finally sold about 30t at around RMB12,900/t (USD1,877/t) to him early this week. They only received one inquiry in the past two weeks while they used to receive 2-3 inquiries a week last month. Discouraged by weak demand from most steel mills, the producer plans to lower their price by around RMB100/t (USD15/t) next week and predicts that the mainstream prices would decrease by around RMB100/t (USD15/t) in the coming week.
With an annual production capacity of 20,000t, the producer would produce around 600t in April, down by 100t from last month. They produced nearly 10,100t in 2022 and almost 2,500t so far in 2023. They hold around 300t of stocks now, down by 100t from last month.
"We offer RMB13,300/t (USD1,928/t) EXW D/A 180 days based on Ti 25%min for ferrotitanium 30% and could accept RMB13,100/t (USD1,903/t) for orders no less than 20t at the moment, while they insisted on RMB13,300/t (USD1,928/t) for the same quantity early last week," said a producer in North China, who last sold about 30t at around RMB13,300/t (USD1,928/t) to a regular client in early April. They received no inquiry so far this week, while they received one inquiry last week. As most consumers remain inactive in sending inquiries, the producer has no confidence next week and predicts that the mainstream prices would decrease by around RMB100/t (USD15/t) in the following week.
With an annual production capacity of 10,000t, the producer produced nearly 490t in 2022 and around 140t so far in 2023. They hold around 20t of stocks now, unchanged MoM. They would produce around 40t in April, unchanged from March.
A producer in South China claimed that they quoted RMB13,000/t (USD1,889/t) EXW D/A 180 days based on Ti 25%min for ferrotitanium 30% and could accept RMB12,900/t (USD1,877/t) for orders no less than 30t today, while they quoted RMB13,200/t (USD1,918/t) and could accept RMB13,000/t (USD1,903/t) for the same quantity early last week. "We received an inquiry of 30t at around RMB12,900/t (USD1,877/t) from a regular client early last week, while we refused it," said the producer, who called the client again and finally sold about 30t at around RMB12,900/t (USD1,877/t) to him early this week. They only received one inquiry in the past two weeks while they used to receive 2-3 inquiries a week last month. Discouraged by weak demand from most steel mills, the producer plans to lower their price by around RMB100/t (USD15/t) next week and predicts that the mainstream prices would decrease by around RMB100/t (USD15/t) in the coming week.
With an annual production capacity of 20,000t, the producer would produce around 600t in April, down by 100t from last month. They produced nearly 10,100t in 2022 and almost 2,500t so far in 2023. They hold around 300t of stocks now, down by 100t from last month.
"We offer RMB13,300/t (USD1,928/t) EXW D/A 180 days based on Ti 25%min for ferrotitanium 30% and could accept RMB13,100/t (USD1,903/t) for orders no less than 20t at the moment, while they insisted on RMB13,300/t (USD1,928/t) for the same quantity early last week," said a producer in North China, who last sold about 30t at around RMB13,300/t (USD1,928/t) to a regular client in early April. They received no inquiry so far this week, while they received one inquiry last week. As most consumers remain inactive in sending inquiries, the producer has no confidence next week and predicts that the mainstream prices would decrease by around RMB100/t (USD15/t) in the following week.
With an annual production capacity of 10,000t, the producer produced nearly 490t in 2022 and around 140t so far in 2023. They hold around 20t of stocks now, unchanged MoM. They would produce around 40t in April, unchanged from March.
