China Titanium Market Report (March 23)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1732.50, unchanged from the previous working day. Downstream titanium dioxide costs have surged, putting significant pressure on prices. The pressure on titanium ore shipments remains difficult to alleviate, and prices continue to remain weak and stable.
Titanium Slag
In March, the bidding price for 90% low-calcium magnesium high-titanium slag from northern enterprises was 5200 yuan/ton, a decrease of 100 yuan/ton compared to the previous month. The high-titanium slag market remains sluggish, with prices declining weakly. Market sentiment is also relatively pessimistic, and high-titanium slag prices are trending downwards.
Titanium Tetrachloride
The market price for titanium tetrachloride is 4800-5550 yuan/ton. Raw material prices remain high, and the cost of titanium tetrachloride has increased significantly. New order prices remain firm, and the supply and demand of titanium tetrachloride are in a tight balance, resulting in a temporarily stable market price.
Titanium Sponge
The market price for Grade 1 titanium sponge (civilian grade) is around 46,000-47,000 RMB/ton, while Grade 0 sponge titanium is quoted at around 47,000-48,000 RMB/ton. Raw material costs remain firm, and the market is experiencing some inventory shortages, keeping prices stable. Downstream markets are also cautious about high prices.
Today's titanium dioxide price index is 14377.15, up 358.51 from the previous working day. The price of raw material sulfuric acid rose across the board today, significantly increasing costs for titanium dioxide plants. Some plants raised new order prices by 500 RMB/ton, while others temporarily withheld quotations due to the surge in costs. The supply of chloride-process titanium dioxide is also tight, with plants temporarily not accepting orders. The titanium dioxide market is experiencing a strong upward trend.
II. Titanium Price Summary
III. Industry Operations
Titanium Ore
Insufficient raw material supply has led to the shutdown of some beneficiation plants.
Titanium Dioxide
Plants that underwent maintenance during the Spring Festival holiday are gradually resuming production, and the operating rate of titanium dioxide plants will gradually increase.
Titanium sponge
Titanium sponge manufacturers are operating at high capacity.
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