Chinese ilmenite concentrate market sees inactive inquiries
2023-04-25 08:31:24 [Print]
BEIJING (Asian Metal) 25 Apr 23 - As most downstream consumers watched the market, Chinese ilmenite concentrate market witnessed inactive inquiries in the past week. The mainstream prices of Chinese ilmenite concentrate TiO2 50%min, Fe2O3 14%max hover at RMB3,020-3,070/t (USD439-446/t) EXW at present, unchanged from early last week. As most suppliers stay in no hurry to sell, insiders predict that the Chinese ilmenite concentrate prices would remain stable in the coming week.
"We received two inquiries so far this week, while we received three inquiries last week," said a producer in South China, who quotes RMB3,080/t (USD446/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,030/t (USD439/t) for orders no less than 1,000t at present, unchanged from early last week. They last sold about 1,000t at around RMB3,030/t (USD439/t) to a regular client early last week. Although most downstream consumers remain inactive in sending inquiries, the producer stays in no hurry to sell due to no stocks pressure next week and predicts that the mainstream prices would keep unchanged in the coming week.
The producer, with an annual production capacity of 60,000t, expects to produce around 3,000t in April, unchanged from March. They produced nearly 33,500t in 2022 and almost 11,000t so far in 2023. They hold no stock now, unchanged from last month.
Another producer in South China noted that they received 1-2 inquiries a day so far this week, while they received 2-3 inquiries a day last week. They offer RMB3,100/t (USD449/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,050/t (USD442/t) for orders no less than 2,000t at the moment, the same as early last week. "Due to limited supply for crude ore from abroad, we prefer to hold our prices stable in spite of inactive inquiries," said the producer, who last sold around 2,000t to a regular client at around RMB3,050/t (USD442/t) in early April. Due to wait-and-see attitudes from downstream consumers, the producer plans to hold their price stable next week and predicts that the mainstream price would remain stable in the following week.
The producer, with an annual production capacity of 360,000t, expects to produce around 10,000t in April, unchanged from last month. They produced nearly 129,000t in 2022 and almost 36,000t so far in 2023. They hold around 4,000t of stocks now, up by 1,000t from last month.
"We received two inquiries so far this week, while we received three inquiries last week," said a producer in South China, who quotes RMB3,080/t (USD446/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,030/t (USD439/t) for orders no less than 1,000t at present, unchanged from early last week. They last sold about 1,000t at around RMB3,030/t (USD439/t) to a regular client early last week. Although most downstream consumers remain inactive in sending inquiries, the producer stays in no hurry to sell due to no stocks pressure next week and predicts that the mainstream prices would keep unchanged in the coming week.
The producer, with an annual production capacity of 60,000t, expects to produce around 3,000t in April, unchanged from March. They produced nearly 33,500t in 2022 and almost 11,000t so far in 2023. They hold no stock now, unchanged from last month.
Another producer in South China noted that they received 1-2 inquiries a day so far this week, while they received 2-3 inquiries a day last week. They offer RMB3,100/t (USD449/t) EXW D/P for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and could accept RMB3,050/t (USD442/t) for orders no less than 2,000t at the moment, the same as early last week. "Due to limited supply for crude ore from abroad, we prefer to hold our prices stable in spite of inactive inquiries," said the producer, who last sold around 2,000t to a regular client at around RMB3,050/t (USD442/t) in early April. Due to wait-and-see attitudes from downstream consumers, the producer plans to hold their price stable next week and predicts that the mainstream price would remain stable in the following week.
The producer, with an annual production capacity of 360,000t, expects to produce around 10,000t in April, unchanged from last month. They produced nearly 129,000t in 2022 and almost 36,000t so far in 2023. They hold around 4,000t of stocks now, up by 1,000t from last month.
