Chinese ilmenite concentrate market sees rare deals
2024-04-09 08:21:56 [Print]
BEIJING (Asian Metal) 9 Apr 24 - As most consumers remain cautious in placing orders, Chinese ilmenite concentrate market witnesses rare deals in the past week. The mainstream prices of Chinese ilmenite concentrate TiO2 50%min, Fe2O3 14%max hover at RMB2,820-2,870/t (USD390-397/t) in port China at present, unchanged from early last week. As most consumers watch the market, insiders predict that the mainstream prices would remain stable in the coming week.
"We plan to delay purchasing after we last bought about 100t at around RMB2,850/t (USD394/t) in late March", said a consumer in Liaoning, who concluded no other deals so far this month. Most regular suppliers quote RMB2,900/t (USD401/t) in port China for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and the most competitive price remains at around RMB2,850/t (USD394/t) if the consumer could purchase more than 100t at present, unchanged from early last week. As the plant ceased production for overhaul since early last week, the consumer stays in no hurry to place orders next week and predicts that the mainstream prices would remain stable in the coming week.
With an annual consumption capacity of 80,000t, the consumer would remain out of production in April, while the consumption volume remained at around 1,000t in March. They consumed nearly 12,000t in 2023 and around 3,100t so far in 2024. They hold around 200t of stocks now, down by 100t from last month.
A producer in Guangxi notes that they failed to conclude any deals after they last sold about 1,000t to a regular client at around RMB2,820/t (USD390/t) early last week. "We quote RMB2,850/t (USD394/t) in port China for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and would accept RMB2,820/t (USD390/t) for orders no less than 1,000t at the moment, the same as early last week", said the trader, who received 2-3 inquiries a day so far this week, while they received 1-2 inquiries a day last week. As most consumers send inquiries to ask for the market instead of placing orders, the producer plans to hold their price stable next week and predicts that the mainstream price would keep unchanged in the following week.
Based on an annual production capacity of 180,000t, the producer would produce about 14,000t in April, unchanged from March. They produced nearly 120,000t in 2023 and almost 30,000t so far in 2024. They hold around 1,000t of stocks now, down by 1,000t from last month.
"We plan to delay purchasing after we last bought about 100t at around RMB2,850/t (USD394/t) in late March", said a consumer in Liaoning, who concluded no other deals so far this month. Most regular suppliers quote RMB2,900/t (USD401/t) in port China for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and the most competitive price remains at around RMB2,850/t (USD394/t) if the consumer could purchase more than 100t at present, unchanged from early last week. As the plant ceased production for overhaul since early last week, the consumer stays in no hurry to place orders next week and predicts that the mainstream prices would remain stable in the coming week.
With an annual consumption capacity of 80,000t, the consumer would remain out of production in April, while the consumption volume remained at around 1,000t in March. They consumed nearly 12,000t in 2023 and around 3,100t so far in 2024. They hold around 200t of stocks now, down by 100t from last month.
A producer in Guangxi notes that they failed to conclude any deals after they last sold about 1,000t to a regular client at around RMB2,820/t (USD390/t) early last week. "We quote RMB2,850/t (USD394/t) in port China for ilmenite concentrate TiO2 50%min, Fe2O3 14%max and would accept RMB2,820/t (USD390/t) for orders no less than 1,000t at the moment, the same as early last week", said the trader, who received 2-3 inquiries a day so far this week, while they received 1-2 inquiries a day last week. As most consumers send inquiries to ask for the market instead of placing orders, the producer plans to hold their price stable next week and predicts that the mainstream price would keep unchanged in the following week.
Based on an annual production capacity of 180,000t, the producer would produce about 14,000t in April, unchanged from March. They produced nearly 120,000t in 2023 and almost 30,000t so far in 2024. They hold around 1,000t of stocks now, down by 1,000t from last month.
