Titanium-based products show divergent trends
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1626.25, down 2.50 from the previous working day. The Panzhihua-Xichang titanium ore market remained weak and stable, with sluggish new orders and intensified supply-demand competition. The transaction price of 10-grade titanium ore saw a slight decline, but the supply of mid-grade titanium ore remained tight, and prices remained high. Price adjustments for smaller titanium ore were limited.
Constrained by weak demand, the market is expected to continue its weak and pressured trend in the short term. Inquiries in the imported titanium ore market were relatively quiet, with enterprises facing significant cost pressures and strong market sentiment for price reductions. New orders for enterprises decreased. In addition, the current high exchange rate makes imported titanium ore costs high for beneficiation plants, resulting in an overall oversupply. In the short term, prices are likely to fall rather than rise.
Titanium Slag
The market is largely awaiting the results of the new round of bidding by northern enterprises in June. Raw material costs remain high, and slag plants are still actively maintaining prices. Downstream demand for high-titanium slag used in the chloride process for titanium dioxide production remained weak.
The acid-soluble slag market saw sluggish sales due to poor downstream profits and weak purchasing intentions. Anning Group's 60,000-ton titanium alloy full-industry chain project is expected to begin trial production at the end of June, potentially bringing some incremental demand to the market later.
Titanium Tetrachloride
The market price for titanium tetrachloride is 5800-6000 yuan/ton. High upstream raw material prices have put significant cost pressure on enterprises, leading to tight spot market circulation. Downstream titanium dioxide and sponge titanium production maintain high operating rates, with stable demand supporting stable market operation.
Sponge Titanium
The market price for sponge titanium remained stable. The mainstream price for grade 0 sponge titanium reached 48,000-50,000 yuan/ton, while the mainstream price for grade 1 civilian sponge titanium is currently 47,000-49,000 yuan/ton. Downstream markets are cautious about new orders due to the supportive price of sponge titanium, focusing mainly on immediate needs. The market's high-low price difference in sales continues to differentiate, and high costs have stabilized sponge titanium prices.
Titanium Dioxide
Today's titanium dioxide price index is 16748.98, down 23.26 from the previous working day. The market has entered the off-season, industry shipments are under pressure, market competition is fierce, and market prices are relatively chaotic. Today, some factories lowered their prices, mainly due to regional differences in sulfuric acid prices.
Currently, raw material costs are high, and enterprises still face significant production pressure. However, as existing orders are fulfilled, market inventory is gradually accumulating, and upstream and downstream companies are generally in a wait-and-see mode. It is understood that leading companies may still intend to adjust prices, and the market is largely observing, with titanium dioxide prices being negotiated on a case-by-case basis.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
The cost of raw materials, particularly ore, is high, and beneficiation plant costs remain inverted, resulting in low titanium ore operating rates.
Affected by raw material costs and supply, some companies have reduced production, but overall market operating rates remain high.
Sponge Titanium
Sponge titanium enterprises are operating at high rates.
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