Chinese rutile market prices decrease
2024-04-16 08:34:54 [Print]
BEIJING (Asian Metal) 16 Apr 24 - As most consumers remain cautious in placing orders, Chinese rutile market prices decrease in the past week. The current mainstream prices of Chinese rutile 95%min decrease to RMB10,100-10,400/t (USD1,395-1,437/t) EXW D/P, down by RMB100/t (USD14/t) from early last week. As most suppliers remain pessimistic about the market, insiders predict that the mainstream prices would decrease further in the coming week.
A producer in Hainan claims that they offer RMB10,300/t (USD1,423/t) EXW D/P for rutile 95%min and could consider RMB10,200/t (USD1,409/t) if clients purchase no less than 30t at the moment, while they quoted RMB10,400/t (USD1,437/t) and could accept RMB10,300/t (USD1,423/t) for the same quantity early last week. "We last sold around 30t to a regular client at about RMB10,300/t (USD1,423/t) early last week", said the producer, who received no inquiry since then. As most consumers remain cautious in placing orders, the producer plans to lower their price by around RMB100/t (USD14/t) next week and predicts that the mainstream prices would decrease by around RMB100/t (USD14/t) in the coming week.
Based on an annual production capacity of 5,000t, the producer would produce around 200t in April, unchanged from last month. They produced nearly 2,000t in 2023 and around 700t so far in 2024. They hold around 200t of stocks now, unchanged from last month.
"We would like to sell rutile 95%min at around RMB10,500/t (USD1,451/t) EXW D/P and could accept RMB10,400/t (USD1,437/t) for orders no less than 20t at the moment, while we insisted on RMB10,500/t (USD1,451/t) for the same quantity early last week", said another producer in Hainan, who failed to conclude any deals after they last sold about 20t to a regular client at around RMB10,500/t (USD1,451/t) in early April. Due to wait-and-see attitudes from most consumers, the producer remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around RMB100/t (USD14/t) in the following week.
The producer, with an annual production capacity of 6,000t, expects to produce around 200t in April, up by 50t from March. They produced nearly 2,800t in 2023 and almost 500t so far in 2024. They hold around 100t of stocks now, unchanged from last month.
A producer in Hainan claims that they offer RMB10,300/t (USD1,423/t) EXW D/P for rutile 95%min and could consider RMB10,200/t (USD1,409/t) if clients purchase no less than 30t at the moment, while they quoted RMB10,400/t (USD1,437/t) and could accept RMB10,300/t (USD1,423/t) for the same quantity early last week. "We last sold around 30t to a regular client at about RMB10,300/t (USD1,423/t) early last week", said the producer, who received no inquiry since then. As most consumers remain cautious in placing orders, the producer plans to lower their price by around RMB100/t (USD14/t) next week and predicts that the mainstream prices would decrease by around RMB100/t (USD14/t) in the coming week.
Based on an annual production capacity of 5,000t, the producer would produce around 200t in April, unchanged from last month. They produced nearly 2,000t in 2023 and around 700t so far in 2024. They hold around 200t of stocks now, unchanged from last month.
"We would like to sell rutile 95%min at around RMB10,500/t (USD1,451/t) EXW D/P and could accept RMB10,400/t (USD1,437/t) for orders no less than 20t at the moment, while we insisted on RMB10,500/t (USD1,451/t) for the same quantity early last week", said another producer in Hainan, who failed to conclude any deals after they last sold about 20t to a regular client at around RMB10,500/t (USD1,451/t) in early April. Due to wait-and-see attitudes from most consumers, the producer remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around RMB100/t (USD14/t) in the following week.
The producer, with an annual production capacity of 6,000t, expects to produce around 200t in April, up by 50t from March. They produced nearly 2,800t in 2023 and almost 500t so far in 2024. They hold around 100t of stocks now, unchanged from last month.
