Chinese titanium tetrachloride market prices firm
2023-04-20 08:22:25 [Print]
BEIJING (Asian Metal) 20 Apr 23 - As most suppliers faced firm prices for raw materials, Chinese titanium tetrachloride market witnessed firm prices in the past week. The mainstream prices of Chinese titanium tetrachloride 99.99%min hover at RMB7,350-7,550/t (USD1,066-1,095/t) EXW D/A 180 days at present, unchanged from early last week. As most suppliers stay in no hurry to sell, insiders predict that the mainstream prices would remain stable in the coming week.
"As titanium slag prices remain firm, most of our regular suppliers quote RMB7,500/t (USD1,088/t) EXW D/A 180 days for titanium tetrachloride 99.99%min and could accept RMB7,400/t (USD1,073/t) for orders no less than 30t at the moment, unchanged from early last week," said a consumer in North China, who last bought around 30t at around RMB7,400/t (USD1,073/t) early last week. As most producers stay in no hurry to sell at low prices due to firm production cost, the consumer predicts that the mainstream prices would remain stable in the coming week.
The consumer, based on an annual consumption capacity of 4,800t, expects to consume about 150t in April, unchanged from March. They consumed nearly 1,320t in 2022 and around 300t so far in 2023. They hold around 100t of stocks now, unchanged from last month.
A producer in South China noted that they quoted RMB7,500/t (USD1,088/t) EXW D/A 180 days for titanium tetrachloride 99.99%min and could accept no counteroffers today, the same as early last week. "We last sold about 500t at around RMB7,500/t (USD1,088/t) to a regular client early this week," said the producer, adding that they have confidence in the market encouraged by higher titanium slag prices. Considering steady demand from end users, the producer plans to hold their price firm next week and predicts that the mainstream prices would keep unchanged in the following week.
The producer, based on an annual production capacity of 400,000t, expects to produce around 10,000t in April, unchanged from March. They produced nearly 117,500t in 2022 and around 32,000t so far in 2023. They hold around 4,000t of stocks at present, down by 1,000t MoM.
"As titanium slag prices remain firm, most of our regular suppliers quote RMB7,500/t (USD1,088/t) EXW D/A 180 days for titanium tetrachloride 99.99%min and could accept RMB7,400/t (USD1,073/t) for orders no less than 30t at the moment, unchanged from early last week," said a consumer in North China, who last bought around 30t at around RMB7,400/t (USD1,073/t) early last week. As most producers stay in no hurry to sell at low prices due to firm production cost, the consumer predicts that the mainstream prices would remain stable in the coming week.
The consumer, based on an annual consumption capacity of 4,800t, expects to consume about 150t in April, unchanged from March. They consumed nearly 1,320t in 2022 and around 300t so far in 2023. They hold around 100t of stocks now, unchanged from last month.
A producer in South China noted that they quoted RMB7,500/t (USD1,088/t) EXW D/A 180 days for titanium tetrachloride 99.99%min and could accept no counteroffers today, the same as early last week. "We last sold about 500t at around RMB7,500/t (USD1,088/t) to a regular client early this week," said the producer, adding that they have confidence in the market encouraged by higher titanium slag prices. Considering steady demand from end users, the producer plans to hold their price firm next week and predicts that the mainstream prices would keep unchanged in the following week.
The producer, based on an annual production capacity of 400,000t, expects to produce around 10,000t in April, unchanged from March. They produced nearly 117,500t in 2022 and around 32,000t so far in 2023. They hold around 4,000t of stocks at present, down by 1,000t MoM.
