Asian matt sellers remain optimistic about market prospects
- Categories:Industry News
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- Time of issue:2019-06-03
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(Summary description)The price of Asian rutile matting agents remained stable and the fundamentals of the market remained unchanged.
Asian matt sellers remain optimistic about market prospects
(Summary description)The price of Asian rutile matting agents remained stable and the fundamentals of the market remained unchanged.
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2019-06-03
- Views:3
Information
The price of Asian rutile matting agents remained stable and the fundamentals of the market remained unchanged.
Most sellers are optimistic about the future market. A major matting agent producer said that at a recent meeting in Hong Kong, the price has bottomed out after the price decline caused by oversupply last year. An independent major producer said it expects demand in the plastics sector to increase in the coming quarter.
However, buyers continue to resist price increases, and at least two buyers are looking for alternative rutile matting agents, mostly from China, where prices are more competitive.
India's import market is stable, and its purchasing intentions are suppressed due to the strength of the US dollar. Its domestic matting agent price is INR 187/kg.
In Southeast Asia, the fourth quarter contract price for paints, coatings and plastics was negotiated at $2,700-3,100 per ton in Asia. Some market participants said that they would consider the instability of the local currency against the US dollar, or would limit imports.
In Japan, the average price of matting agents has remained stable at 300-350 yen/kg. Due to the need for post-disaster reconstruction, and the consumption tax will increase in April 2014, the current demand is still acceptable.
Asian valuations this week were steady at $2,650-3050/tonne (Asia).
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