Demand for titanium products is dragging down!
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1427.50, unchanged from yesterday. New orders for titanium ore are weak, and prices continue to decline overall. Processing plants are operating at low capacity, facing significant pressure to sell, resulting in a market with little activity and little demand. Regarding imported ore, the market remains weak, with significant pressure to sell new orders. Coupled with the overall downward trend in the market, a stalemate in sales has led to a weak price trend.
Titanium Slag
In June, the bidding price for 90% low-calcium magnesium high-titanium slag from northern enterprises was 5450 yuan/ton, a slight increase of 50 yuan/ton compared to May. July bidding has not yet begun. With titanium raw material prices declining, some cost pressure has eased, and high-titanium slag prices have remained weak and stable.
Titanium Tetrachloride
The market price for titanium tetrachloride is 5800-6000 yuan/ton. Enterprise prices are generally stable, and enterprise supply is stable, resulting in a temporarily stable market.
Titanium Sponge
The titanium sponge market remained weak and stable. The mainstream price for grade 0 titanium sponge was around 47,000-48,000 yuan/ton, while the mainstream price for grade 1 titanium sponge (for civilian use) was around 46,000-47,000 yuan/ton. Market shipments were sluggish, leading to increased inventory pressure for manufacturers. Major factories reduced production, and the titanium sponge market continued its weak performance.
Today's titanium dioxide price index was 15876.15, down 266.52 from yesterday. During the traditional off-season, new order signing pressure was significant. Prices from second- and third-tier factories continued to decline, resulting in severe price stratification and chaotic transaction prices. Leading companies maintained their prices for the time being, with most companies adopting a wait-and-see approach. Previously shut-down factories have recently resumed production, keeping titanium dioxide output at a high level.
II. Titanium Price Summary
III. Industry Operating Rate
Titanium Ore
Downstream demand was weak, and titanium ore beneficiation plant operating rates were low, resulting in insufficient market activity.
Titanium Dioxide
Previously shut-down factories have recently resumed production, keeping titanium dioxide operating rates at a high level.
Titanium Sponge
Some titanium sponge factories have reduced production, leading to a decline in market operating rates.
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