Chinese titanium dioxide suppliers' stocks increase
2023-04-26 08:31:17 [Print]
BEIJING (Asian Metal) 26 Apr 23 - As most consumers remained inactive in sending inquiries, Chinese rutile titanium dioxide suppliers' stocks increased in the past week. The mainstream prices of Chinese rutile titanium dioxide 93%min hover at RMB16,300-16,800/t (USD2,368-2,440/t) D/A 180 days at present, unchanged from early last week. As most suppliers face firm production cost, insiders predict that the rutile titanium dioxide mainstream prices would remain stable in the coming week.
A producer in North China claimed that as most consumers remained inactive in placing orders, they held around 10,000t of stocks this week, up by 10,000t from last month. They quote RMB16,500/t (USD2,388/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,300/t (USD2,359/t) for orders no less than 100t at the moment, unchanged from early last week. "We last sold around 100t to a regular client at around RMB16,300/t (USD2,359/t) early last week," said the producer, who received two inquiries so far this week, while they received four inquiries in total last week. Although most consumers remain inactive in sending inquiries, the producer plans to hold their price stable due to firm prices for raw materials next week and predicts that the titanium dioxide prices would remain unchanged in the coming week.
With an annual production capacity of 260,000t, the producer produced around 10,000t in April, unchanged from last month. They produced around 162,000t in 2022 and almost 74,500t so far in 2023. They hold around 10,000t of stocks now, up by 10,000t from last month.
"As many consumers continue to delay purchasing, our stocks increased to 1,000t now, up by 300t from last month," said a producer in South China, who received no inquiry so far this week, while they received three inquiries in total last week. They offer RMB16,300/t (USD2,359/t) D/A 180 days for rutile titanium dioxide 93%min and could accept no counteroffers at present, the same as early last week. They last sold around 30t to a regular client at around RMB16,300/t (USD2,359/t) late last week. As titanium concentrate prices remain stable, the producer stays in no hurry to sell next week and predicts that the titanium dioxide prices would keep stable in the following week in spite of weak demand from end users.
Based on an annual production capacity of 54,000t, the producer produced around 4,000t in April, unchanged from March. They produced nearly 44,300t in 2022 and almost 11,000t so far in 2023. They hold around 1,000t of stocks now, up by 300t from last month.
A producer in North China claimed that as most consumers remained inactive in placing orders, they held around 10,000t of stocks this week, up by 10,000t from last month. They quote RMB16,500/t (USD2,388/t) D/A 180 days for rutile titanium dioxide 93%min and could accept RMB16,300/t (USD2,359/t) for orders no less than 100t at the moment, unchanged from early last week. "We last sold around 100t to a regular client at around RMB16,300/t (USD2,359/t) early last week," said the producer, who received two inquiries so far this week, while they received four inquiries in total last week. Although most consumers remain inactive in sending inquiries, the producer plans to hold their price stable due to firm prices for raw materials next week and predicts that the titanium dioxide prices would remain unchanged in the coming week.
With an annual production capacity of 260,000t, the producer produced around 10,000t in April, unchanged from last month. They produced around 162,000t in 2022 and almost 74,500t so far in 2023. They hold around 10,000t of stocks now, up by 10,000t from last month.
"As many consumers continue to delay purchasing, our stocks increased to 1,000t now, up by 300t from last month," said a producer in South China, who received no inquiry so far this week, while they received three inquiries in total last week. They offer RMB16,300/t (USD2,359/t) D/A 180 days for rutile titanium dioxide 93%min and could accept no counteroffers at present, the same as early last week. They last sold around 30t to a regular client at around RMB16,300/t (USD2,359/t) late last week. As titanium concentrate prices remain stable, the producer stays in no hurry to sell next week and predicts that the titanium dioxide prices would keep stable in the following week in spite of weak demand from end users.
Based on an annual production capacity of 54,000t, the producer produced around 4,000t in April, unchanged from March. They produced nearly 44,300t in 2022 and almost 11,000t so far in 2023. They hold around 1,000t of stocks now, up by 300t from last month.
