Chinese titanium oxide suppliers optimistic about the market
2024-03-28 08:27:17 [Print]
BEIJING (Asian Metal) 28 Mar 24 - As most consumers remained active in sending inquiries, Chinese rutile titanium dioxide 93%min suppliers remained optimistic about the market in the past week. The current mainstream prices of Chinese rutile titanium dioxide 93%min rose to RMB17,000-17,500/t (USD2,353-2,422/t) D/A 180 days, up by RMB100/t (USD14/t) from early last week. As most suppliers stay in no hurry to sell, insiders predict that the rutile titanium dioxide market prices would show uptrend in the coming week.
A producer in Shandong claimed that they remained optimistic about the market encouraged by active inquiries from downstream consumers. "We received 2-3 inquiries a day so far this week, while we received 1-2 inquiries a day last week", said the producer, who insists on RMB17,500/t (USD2,422/t) D/A 180 days for rutile titanium dioxide 93%min at present, while they quoted RMB17,500/t (USD2,422/t) and could accept RMB17,400/t (USD2,408/t) for orders no less than 30t early last week. They last sold around 30t at around RMB17,400/t (USD2,408/t) to a regular client early last week. As downstream consumers remain active in sending inquiries, the producer plans to raise their price by around RMB100/t (USD14/t) next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD14/t) in the coming week.
Based on an annual production capacity of 130,000t, the producer would produce about 10,000t in March, unchanged from last month. They produced nearly 114,000t in 2023 and almost 29,000t so far in 2024. They hold around 1,000t of stocks now, down by 400t from last month.
"We received five inquiries so far this week, while we received three inquiries in total last week", said another producer in Sichuan, who has confidence in the market. They would like to sell rutile titanium dioxide 93%min at around RMB17,600/t (USD2,435/t) D/A 180 days and could consider RMB17,400/t (USD2,408/t) if clients could purchase no less than 100t at present, while they quoted RMB17,500/t (USD2,422/t) and could accept RMB17,300/t (USD2,394/t) for the same quantity early last week. They last sold around 100t to a regular client at around RMB17,300/t (USD2,394/t) early last week. Encouraged by active inquiries, the producer remains optimistic about the market next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD14/t) in the following week.
Based on an annual production capacity of 54,000t, the producer would produce around 4,500t in March, up by 4,500t from February. They produced nearly 38,600t in 2023 and almost 4,500t so far in 2024. They hold around 200t of stocks now, up by 200t from last month.
A producer in Shandong claimed that they remained optimistic about the market encouraged by active inquiries from downstream consumers. "We received 2-3 inquiries a day so far this week, while we received 1-2 inquiries a day last week", said the producer, who insists on RMB17,500/t (USD2,422/t) D/A 180 days for rutile titanium dioxide 93%min at present, while they quoted RMB17,500/t (USD2,422/t) and could accept RMB17,400/t (USD2,408/t) for orders no less than 30t early last week. They last sold around 30t at around RMB17,400/t (USD2,408/t) to a regular client early last week. As downstream consumers remain active in sending inquiries, the producer plans to raise their price by around RMB100/t (USD14/t) next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD14/t) in the coming week.
Based on an annual production capacity of 130,000t, the producer would produce about 10,000t in March, unchanged from last month. They produced nearly 114,000t in 2023 and almost 29,000t so far in 2024. They hold around 1,000t of stocks now, down by 400t from last month.
"We received five inquiries so far this week, while we received three inquiries in total last week", said another producer in Sichuan, who has confidence in the market. They would like to sell rutile titanium dioxide 93%min at around RMB17,600/t (USD2,435/t) D/A 180 days and could consider RMB17,400/t (USD2,408/t) if clients could purchase no less than 100t at present, while they quoted RMB17,500/t (USD2,422/t) and could accept RMB17,300/t (USD2,394/t) for the same quantity early last week. They last sold around 100t to a regular client at around RMB17,300/t (USD2,394/t) early last week. Encouraged by active inquiries, the producer remains optimistic about the market next week and predicts that the titanium dioxide prices would increase by around RMB100/t (USD14/t) in the following week.
Based on an annual production capacity of 54,000t, the producer would produce around 4,500t in March, up by 4,500t from February. They produced nearly 38,600t in 2023 and almost 4,500t so far in 2024. They hold around 200t of stocks now, up by 200t from last month.
