Chinese titanium sponge suppliers optimistic about the market

BEIJING (Asian Metal) 24 Apr 24 - As most consumers remain active in sending inquiries, Chinese titanium sponge suppliers remain optimistic about the market in the past week.Asian Metal CopyrightBEIJING Asian Metal 24 Apr 24 - As most consumers remain active in sending inquiries, Chinese titanium sponge suppliers remain optimistic about the market in the past week.Asian Metal Copyright The mainstream prices of Chinese titanium sponge 99.7%min increase to RMB51,700-53,700/t (USD7,134-7,410/t) EXW D/A 180 days at present, up by RMB200/t (USD28/t) from early last week.Asian Metal Copyright The producer, based on an annual production capacity of 18,000t, expects to produce around 900t in April, up by 100t from last month.Asian Metal Copyright As most suppliers have confidence in the market, insiders predict that the mainstream prices would show uptrend in the coming week.

A producer in Liaoning claims that they remain 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 offers RMB54,000/t (USD7,451/t) EXW D/A 180 days for titanium sponge 99.7%min and could accept around RMB53,700/t (USD7,410/t) for orders no less than 100t at present, while they quoted RMB54,000/t (USD7,451/t) and considered RMB53,500/t (USD7,382/t) for the same quantity early last week. They last sold around 100t at about RMB53,500/t (USD7,382/t) to a regular client early last week. As most consumers remain active in sending inquiries, the producer plans to raise their prices by around RMB200/t (USD28/t) next week and predicts that the mainstream prices would rise by around RMB200/t (USD28/t) in the coming week.

The producer, based on an annual production capacity of 18,000t, expects to produce around 900t in April, up by 100t from last month. They produced nearly 7,800t in 2023 and about 3,000t so far in 2024.Asian Metal Copyright Encouraged by rebounding demand from downstream consumers, the producer remains optimistic about the market next week and predicts that the mainstream prices would rise by around RMB200t USD28t in the following week.Asian Metal Copyright They hold around 50t of stocks at the moment, down by 50t from last month.

"We have confidence in the market as most clients send more inquiries in the spot market", said another producer in Sichuan, who received four inquiries so far this week, while they received three inquiries in total last week. They would like to sell titanium sponge 99.7%min at around RMB53,500/t (USD7,382/t) EXW D/A 180 days and could consider RMB53,200/t (USD7,341/t) for orders no less than 100t at present, while they insisted on RMB53,000/t (USD7,313/t) for the same quantity early last week. They last sold about 100t at around RMB53,000/t (USD7,313/t) to a regular client early last week. Encouraged by rebounding demand from downstream consumers, the producer remains optimistic about the market next week and predicts that the mainstream prices would rise by around RMB200/t (USD28/t) in the following week.

With an annual production capacity of 25,000t, the producer would produce around 2,400t in April, unchanged MoM. They produced nearly 26,400t in 2023 and about 8,500t so far in 2024.Asian Metal Copyright7%min at around RMB53,500t USD7,382t EXW DA 180 days and could consider RMB53,200t USD7,341t for orders no less than 100t at present, while they insisted on RMB53,000t USD7,313t for the same quantity early last week.Asian Metal Copyright They hold around 400t of stocks at the moment, down by 100t from last month.



.Asian Metal Copyright7%min and could accept around RMB53,700t USD7,410t for orders no less than 100t at present, while they quoted RMB54,000t USD7,451t and considered RMB53,500t USD7,382t for the same quantity early last weekAsian Metal Copyright