China Titanium Market Report (January 30)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1782.50, unchanged from yesterday. Titanium ore prices remained stable, with some miners experiencing tight spot supply. Raw material prices were high, and mainstream transaction prices remained stable, with the market continuing to maintain stability.
Titanium Slag
In February, the bidding price for 90% low-calcium magnesium slag from northern enterprises was 5300 yuan/ton, a decrease of 100 yuan/ton compared to January. Due to reduced pressure from raw material costs, slag prices were under downward pressure. Currently, domestic supply remains ample, and the slag market is in a weak balance, with prices trending slightly lower.
Titanium Tetrachloride
The market price for titanium tetrachloride was 4800-5550 yuan/ton. High raw material costs led titanium tetrachloride enterprises to maintain firm prices. Due to reduced market supply and low inventory, market prices continued to remain stable.
Titanium Sponge
Grade 1 titanium sponge for civilian use is quoted at around 45,000-47,000 yuan/ton, while Grade 0 titanium sponge is quoted at around 46,000-48,000 yuan/ton. Demand for titanium sponge is stable, with companies holding onto orders, keeping market prices firm.
Today's titanium dioxide price index is 13490.03, unchanged from yesterday. Yesterday, Qianjiang Fangyuan issued a letter raising titanium dioxide prices by 500 yuan/ton. Market sentiment is cautious, with most companies finalizing prices for the end of December. New orders are being placed cautiously, keeping titanium dioxide prices stable for now. Several large plants have maintenance plans scheduled for the Spring Festival holiday.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
Raw material supply in the Panxi region is tight, leading to insufficient operating rates at beneficiation plants. In Yunnan, only a few beneficiation plants are operating due to mining permit issues. Low temperatures in Chengde are impacting overall domestic titanium ore production.
Some companies in the market have maintenance plans, leading to an expected decline in titanium dioxide operating rates.
Titanium sponge
Titanium sponge manufacturers are operating at high capacity.
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