Chinese titanium sponge market prices stable
2024-04-29 08:13:08 [Print]
BEIJING (Asian Metal) 29 Apr 24 - As most suppliers face firm production cost, Chinese titanium sponge market prices remain stable in the past week. The mainstream prices of Chinese titanium sponge 99.7%min hover at RMB51,700-53,700/t (USD7,134-7,410/t) EXW D/A 180 days at present, unchanged from early last week. As most consumers purchase according to orders, insiders predict that the mainstream prices would remain firm in the coming week.
"We would like to sell titanium sponge 99.7%min at around RMB53,000/t (USD7,314/t) EXW D/A 180 days and could accept RMB52,500/t (USD7,245/t) for orders no less than 100t at present, unchanged from early last week", said a producer in Liaoning, who just sold about 100t at around RMB52,500/t (USD7,245/t) to a regular client early this week. As most downstream consumers purchase according to orders, the producer plans to hold their prices stable next week and predicts that the mainstream prices would remain firm in the coming week.
The producer, based on an annual production capacity of 30,000t, expects to produce around 2,500t in April, unchanged MoM. They produced nearly 17,700t in 2023 and about 9,500t so far in 2024. They hold around 600t of stocks at the moment, up by 200t from last month.
A trader in Liaoning notes that they quote RMB53,500/t (USD7,383/t) EXW D/A 180 days for titanium sponge 99.7%min and consider RMB53,000/t (USD7,314/t) if clients purchase no less than 30t at present, the same as early last week. "Most consumers just purchase from hand to mouth, while we don't plan to lower our prices because most producers face firm production cost and insist on firm prices", said the trader who last sold around 30t at about RMB53,000/t (USD7,314/t) to a regular client early last week. Due to steady demand from most consumers, the trader predicts that the mainstream prices would keep unchanged in the following week.
With a regular monthly trading volume of 100t, the trader sold nearly 1,000t in 2023 and almost 400t so far in 2024. They would sell around 100t in April, unchanged from March. They hold around 20t of stocks now, unchanged MoM.
"We would like to sell titanium sponge 99.7%min at around RMB53,000/t (USD7,314/t) EXW D/A 180 days and could accept RMB52,500/t (USD7,245/t) for orders no less than 100t at present, unchanged from early last week", said a producer in Liaoning, who just sold about 100t at around RMB52,500/t (USD7,245/t) to a regular client early this week. As most downstream consumers purchase according to orders, the producer plans to hold their prices stable next week and predicts that the mainstream prices would remain firm in the coming week.
The producer, based on an annual production capacity of 30,000t, expects to produce around 2,500t in April, unchanged MoM. They produced nearly 17,700t in 2023 and about 9,500t so far in 2024. They hold around 600t of stocks at the moment, up by 200t from last month.
A trader in Liaoning notes that they quote RMB53,500/t (USD7,383/t) EXW D/A 180 days for titanium sponge 99.7%min and consider RMB53,000/t (USD7,314/t) if clients purchase no less than 30t at present, the same as early last week. "Most consumers just purchase from hand to mouth, while we don't plan to lower our prices because most producers face firm production cost and insist on firm prices", said the trader who last sold around 30t at about RMB53,000/t (USD7,314/t) to a regular client early last week. Due to steady demand from most consumers, the trader predicts that the mainstream prices would keep unchanged in the following week.
With a regular monthly trading volume of 100t, the trader sold nearly 1,000t in 2023 and almost 400t so far in 2024. They would sell around 100t in April, unchanged from March. They hold around 20t of stocks now, unchanged MoM.
