Chinese titanium dioxide producers raising offers successively
2016-03-10 10:30:39 [Print]
BEIJING (Asian Metal) 10 Mar 16 – Chinese producers raised the price of titanium dioxide by about RMB300/t (USD50/t) to RMB10,200-11,000/t (USD1,566-1,681/t) ex works successively early this week, a follow-suit to Lomon’s action of marking up the offer of titanium dioxide by another RMB300/t (USD50/t) this Monday, the third time in the first quarter of 2016. Market insiders believe that the downstream consumers will have to accept the price increase of titanium dioxide owing to the strong push by Lomon, the biggest titanium dioxide producer in China.
A producer in North China revealed that they raised the price for rutile titanium dioxide to RMB11,000/t (USD1,681/t) ex works this Monday when they confirmed that Lomon moved up the price, an increase of RMB300/t (USD50/t) compared with that of last week. “Lomon raised the price again this Monday, and we marked up our price for the material accordingly, hoping the titanium market can warm up due to the strong uptrend push,” said the producer, who concluded no deal yet this week but conveyed that they will not accept lower offers and prefer to watch the market for a while despite the downstream demand softened slightly in early March.
The producer, with an annual production capacity of about 160,000 tons, produced around 10,000 tons of titanium dioxide last month, holding around 10,000 tons of stocks now.
“We raised the price of titanium dioxide by about RMB300/t (USD50/t) to RMB10,900/t (USD1,674/t) ex works this Tuesday. As far as I am concerned, most domestic producers increased the price this week after Lomon moved up the price on Monday,” said a producer in North Southeast China who sold about 8,000 tons of rutile titanium dioxide at RMB10,600/t (USD1,628/t) ex works last month. He also echoed that they will not sign contracts with the offers lower than their current target price at RMB10,900/t (USD1,674/t) ex works in the coming week.
The producer, who owns an annual production capacity of about 100,000 tons of titanium dioxide, produced about 8,000 tons last month, holding 8,000 tons of stock at present.
A producer in North China revealed that they raised the price for rutile titanium dioxide to RMB11,000/t (USD1,681/t) ex works this Monday when they confirmed that Lomon moved up the price, an increase of RMB300/t (USD50/t) compared with that of last week. “Lomon raised the price again this Monday, and we marked up our price for the material accordingly, hoping the titanium market can warm up due to the strong uptrend push,” said the producer, who concluded no deal yet this week but conveyed that they will not accept lower offers and prefer to watch the market for a while despite the downstream demand softened slightly in early March.
The producer, with an annual production capacity of about 160,000 tons, produced around 10,000 tons of titanium dioxide last month, holding around 10,000 tons of stocks now.
“We raised the price of titanium dioxide by about RMB300/t (USD50/t) to RMB10,900/t (USD1,674/t) ex works this Tuesday. As far as I am concerned, most domestic producers increased the price this week after Lomon moved up the price on Monday,” said a producer in North Southeast China who sold about 8,000 tons of rutile titanium dioxide at RMB10,600/t (USD1,628/t) ex works last month. He also echoed that they will not sign contracts with the offers lower than their current target price at RMB10,900/t (USD1,674/t) ex works in the coming week.
The producer, who owns an annual production capacity of about 100,000 tons of titanium dioxide, produced about 8,000 tons last month, holding 8,000 tons of stock at present.
Titanium Dioxide R TiO2 93%min FOB China
Unit:USD/mt
China titanium dioxide producers' inventory to production ratio statistics by province by month
Unit: %
