Chinese titanium oxide market prices decrease
2024-04-29 08:12:59 [Print]
BEIJING (Asian Metal) 29 Apr 24 - As most consumers hold wait-and-see attitudes, Chinese rutile titanium dioxide 93%min suppliers lower their prices to promote sales in the past week. The mainstream prices of Chinese rutile titanium dioxide 93%min decrease to RMB16,600-17,100/t (USD2,291-2,360/t) D/A 180 days at present, down by RMB200/t (USD28/t) from early last week. As most suppliers have no confidence in the market, insiders predict that the rutile titanium dioxide market prices would show downtrend in the coming week.
"We would like to sell rutile titanium dioxide 93%min at around RMB17,000/t (USD2,346/t) D/A 180 days and could consider no counteroffers at present, while we insisted on RMB17,200/t (USD2,374/t) early last week", said a producer in Shandong, who last sold around 10t to a regular client at around RMB17,000/t (USD2,346/t) early this week. As most consumers remain cautious in placing orders, their regular purchasing volume reduces from 50-60t each time to 10-20t each time. As most consumers watch the market, the producer plans to lower their price by around RMB100/t (USD14/t) next week and predicts that the titanium dioxide prices would decrease 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 April, unchanged from last month. They produced nearly 114,000t in 2023 and almost 39,000t so far in 2024. They hold around 1,500t of stocks now, up by 500t from last month.
Another producer in Sichuan notes that they quote RMB16,800/t (USD2,318/t) D/A 180 days for rutile titanium dioxide 93%min and consider RMB16,600/t (USD2,291/t) for orders no less than 100t at present, while they would like to sell at around RMB17,000/t (USD2,346/t) and could accept RMB16,800/t (USD2,318/t) for the same quantity early last week. "We received no inquiry since we last sold around 100t at about RMB16,800/t (USD2,318/t) early last week", said the producer, adding that most clients plan to delay purchasing. Discouraged by rare inquiries from downstream consumers, the producer remains pessimistic about the market next week and predicts that the titanium dioxide prices would decrease 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 April, unchanged from March. They produced nearly 38,600t in 2023 and almost 9,000t so far in 2024. They hold around 500t of stocks now, up by 300t from last month.
"We would like to sell rutile titanium dioxide 93%min at around RMB17,000/t (USD2,346/t) D/A 180 days and could consider no counteroffers at present, while we insisted on RMB17,200/t (USD2,374/t) early last week", said a producer in Shandong, who last sold around 10t to a regular client at around RMB17,000/t (USD2,346/t) early this week. As most consumers remain cautious in placing orders, their regular purchasing volume reduces from 50-60t each time to 10-20t each time. As most consumers watch the market, the producer plans to lower their price by around RMB100/t (USD14/t) next week and predicts that the titanium dioxide prices would decrease 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 April, unchanged from last month. They produced nearly 114,000t in 2023 and almost 39,000t so far in 2024. They hold around 1,500t of stocks now, up by 500t from last month.
Another producer in Sichuan notes that they quote RMB16,800/t (USD2,318/t) D/A 180 days for rutile titanium dioxide 93%min and consider RMB16,600/t (USD2,291/t) for orders no less than 100t at present, while they would like to sell at around RMB17,000/t (USD2,346/t) and could accept RMB16,800/t (USD2,318/t) for the same quantity early last week. "We received no inquiry since we last sold around 100t at about RMB16,800/t (USD2,318/t) early last week", said the producer, adding that most clients plan to delay purchasing. Discouraged by rare inquiries from downstream consumers, the producer remains pessimistic about the market next week and predicts that the titanium dioxide prices would decrease 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 April, unchanged from March. They produced nearly 38,600t in 2023 and almost 9,000t so far in 2024. They hold around 500t of stocks now, up by 300t from last month.
