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[Ferro-Alloys.com]Chinese FeTi 30 was offered at RMB11,000/mt (USD1,803/mt, export duty excluded) by acceptance. Steel mills purchased fix volumes of FeTi， transacting at RMB11,000/mt (USD1,803/mt, export duty excluded) by acceptance. Special steel demand was strong, so many steel mills transfer to produce special steel. Raw materials titanium concentrates price slipped, but aluminum powder price inched up. Therefore, FeTi lost corresponding support.

A Jiangsu FeTi supplier offered RMB11,000/mt (USD1,803/mt, export duty excluded) by acceptance for FeTi30, but real transaction price was as low as RMB10,300-11,000/mt (USD1,688-1,803/mt, export duty excluded) by acceptance. They did old customer’s orders, with steady transaction volumes.

It is expected that FeTi price would linger around current level, in absence of the buying momentum from steel mills.

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• [Editor:Mango]