Chinese titanium dioxide export market prices firm
2023-04-24 08:40:57 [Print]
BEIJING (Asian Metal) 24 Apr 23 - As domestic market prices remained stable, Chinese rutile titanium dioxide export market witnessed firm prices in the past week. The mainstream prices of Chinese rutile titanium dioxide 93%min hover at USD2,320-2,420/t FOB China, up by USD10/t from early last week. As most suppliers stay in no hurry to sell at low prices, insiders predict that the rutile titanium dioxide mainstream export prices would remain stable in the coming week.
"We quote USD2,400/t FOB China for rutile titanium dioxide 93%min and could accept USD2,370/t for orders no less than 20t at present, unchanged from early last week," said a producer in South China, who last sold about 20t to a regular client at around USD2,370/t FOB China early last week. As domestic market prices remain firm at around RMB16,500/t (USD2,394/t), the producer plans to hold their price stable next week and predicts that the titanium dioxide export prices would keep unchanged in the coming week.
With an annual production capacity of 30,000t, the producer would produce 2,500t in April, up by 1,000t from last month. They produced nearly 27,300t in 2022 and almost 8,500t so far in 2023. They hold no stock now, the same as last month.
Another producer in South China noted that due to firm domestic market prices, they offered USD2,350/t FOB China for rutile titanium dioxide 93%min and could accept USD2,320/t for orders no less than 100t today, the same as early last week. "We last sold about 100t to a regular client at around USD2,320/t early last week," said the producer, who stays in no hurry to lower their price encouraged by steady demand overseas. As domestic prices remain stable, the producer prefers to hold their price stable next week and predicts that the titanium dioxide export prices would remain firm in the following week.
With an annual production capacity of 180,000t, the producer expects to produce about 10,000t in April, unchanged from March. They produced nearly 111,000t in 2022 and almost 36,000t so far in 2023. They hold around 4,000t of stocks now, up by 2,000t from last month.
"We quote USD2,400/t FOB China for rutile titanium dioxide 93%min and could accept USD2,370/t for orders no less than 20t at present, unchanged from early last week," said a producer in South China, who last sold about 20t to a regular client at around USD2,370/t FOB China early last week. As domestic market prices remain firm at around RMB16,500/t (USD2,394/t), the producer plans to hold their price stable next week and predicts that the titanium dioxide export prices would keep unchanged in the coming week.
With an annual production capacity of 30,000t, the producer would produce 2,500t in April, up by 1,000t from last month. They produced nearly 27,300t in 2022 and almost 8,500t so far in 2023. They hold no stock now, the same as last month.
Another producer in South China noted that due to firm domestic market prices, they offered USD2,350/t FOB China for rutile titanium dioxide 93%min and could accept USD2,320/t for orders no less than 100t today, the same as early last week. "We last sold about 100t to a regular client at around USD2,320/t early last week," said the producer, who stays in no hurry to lower their price encouraged by steady demand overseas. As domestic prices remain stable, the producer prefers to hold their price stable next week and predicts that the titanium dioxide export prices would remain firm in the following week.
With an annual production capacity of 180,000t, the producer expects to produce about 10,000t in April, unchanged from March. They produced nearly 111,000t in 2022 and almost 36,000t so far in 2023. They hold around 4,000t of stocks now, up by 2,000t from last month.
