Market price of titanium products (July 21)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1406.25, unchanged from yesterday. Downstream titanium dioxide production declined, further increasing pressure on titanium ore shipments. The market remained sluggish, and prices remained weak. Regarding imported ore, weak demand made it difficult to improve transactions, leading to continued price declines. Port prices for some raw materials were lowered, resulting in losses for miners. The market was weak on both fronts, maintaining its weak performance.
Titanium Slag
This month, the bidding price for 90% low-calcium magnesium high-titanium slag from northern enterprises was 5400 yuan/ton, a decrease of 50 yuan/ton compared to June. While high-titanium slag prices saw a slight decrease this month, costs for auxiliary materials and electricity remained high, and regional differences existed, resulting in significant cost pressure for high-titanium slag. The market is expected to remain weak and stable in the short term.
Titanium Tetrachloride
The market price for titanium tetrachloride was 5800-6000 yuan/ton. Liquid chlorine prices remained volatile, providing cost support for enterprises. Downstream market operations remained high, keeping titanium tetrachloride prices stable.
Titanium Sponge
The price of titanium sponge remained stable. The mainstream price for grade 0 titanium sponge was around 46,000-47,000 yuan/ton, while the mainstream price for grade 1 titanium sponge (for civilian use) was around 45,000-46,000 yuan/ton. While high prices for titanium sponge have slightly decreased, some companies have seen an increase in order inquiries. Overall, titanium sponge factories maintained firm prices, and the market continued its weak but stable trend.
Titanium Dioxide
Today's titanium dioxide price index was 15767.44, unchanged from yesterday. The price of raw material sulfuric acid has recently seen a slight correction. However, due to its high price, titanium dioxide factories still face significant cost pressures.
Coupled with the decline in ferrous sulfate prices, low-priced titanium dioxide is mostly hovering around the cost line. Domestic demand remains weak, and factory inventories continue to rise. It is reported that leading companies may adjust their prices, but the market is largely in a wait-and-see mode. The titanium dioxide market remains weak and stable, with prices negotiated on a case-by-case basis.
II. Titanium Price Summary
III. Industry Operating Rate
Titanium Ore
Downstream demand is weak, and titanium ore beneficiation plants are operating at low capacity, resulting in insufficient market activity.
Some factories in Panzhihua and Shandong have reduced production, while other companies are operating at near full capacity. Overall, titanium dioxide production remains at a high level.
Sponge Titanium
Some sponge titanium factories have reduced production, leading to a slight decline in market operating rates.
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