Market price of titanium products (May 27)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1628.75, unchanged from yesterday. Domestic titanium ore prices remained stable.
Downstream titanium dioxide production faced significant cost pressures, resulting in weak demand and low production willingness among small and medium-sized miners. New orders were sluggish, and the market exhibited a strong supply-demand game, leading to continued weak and stable prices. The imported titanium ore market was under pressure, with downstream purchasing activity remaining low and traders facing significant pressure to sell, resulting in weak market trading.
Titanium Slag
In May, the bidding price for high-titanium slag from northern enterprises was 5400 yuan/ton, a slight increase of 100 yuan month-on-month. Raw material titanium concentrate, petroleum coke, and electricity prices remained high, providing a rigid support for production costs.
The downstream market was relatively stable. However, due to continued intense competition in the high-titanium slag market, and influenced by costs, a significant price increase was unlikely, leading to temporary price stability. Next month, Yunnan will enter its high-water season, and electricity prices are expected to decrease, potentially boosting high-titanium slag production.
Titanium Tetrachloride
The market price for titanium tetrachloride is 5800-5900 yuan/ton. High raw material costs have kept prices firm. Additionally, due to high operating rates of titanium dioxide produced via the chloride process, external sales of titanium tetrachloride have decreased, leading to tight spot supply. Enterprises are maintaining firm prices, and the titanium tetrachloride market is operating steadily.
Sponge Titanium
The sponge titanium market is operating firmly. The mainstream price for grade 0 sponge titanium is 48,000-50,000 yuan/ton, while the mainstream price for grade 1 civilian sponge titanium is currently 47,000-49,000 yuan/ton. Enterprises have some order backlog support, and the downstream market is clearly supported by the firm price of sponge titanium.
However, demand is weak, new price transactions are stagnant, and procurement remains cautious. The high cost of raw materials for sponge titanium is also putting significant pressure on factory production, leading to stable market prices.
Titanium Dioxide
Today's titanium dioxide price index is 16772.24, unchanged from yesterday. Chlorination process plants maintained high operating rates, with ample raw material support, resulting in a relatively resilient market. Sulfuric acid process plants were pressured by high raw material costs, coupled with cautious end-user purchasing and weak new order follow-up, leading to sluggish market trading and a wait-and-see attitude.
Traditional downstream demand remained weak, while emerging demands from photovoltaics, wind power, and the foreign trade market provided some support. With costs supporting the market, prices showed strong resilience. It is understood that leading companies plan to issue letters early next month, and the market is largely awaiting these developments.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
High ore costs have led to a continued cost inversion for beneficiation plants, resulting in a slight decline in titanium ore operating rates.
Affected by raw material costs and supply, some companies reduced production, but overall market operating rates remained high.
Sponge Titanium
Sponge titanium companies maintained high operating rates.
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