Titanium Daily Market (April 29)
Tuduoduo - Titanium Daily
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1633.75, unchanged from yesterday. Recently, the operating rate of water beneficiation plants in the Panzhihua-Xichang region has been low, resulting in a tight spot supply of titanium ore. Miners are reluctant to sell, and new order quotations have become more resilient, showing signs of a rebound in the titanium ore market. Downstream titanium dioxide production is providing stable demand due to high operating rates, but buyers are still pushing for lower prices, intensifying the competition between upstream and downstream players. The short-term titanium ore market is expected to remain firm.
Titanium Slag
In April, the bidding price for high-titanium slag from northern enterprises was 5300 yuan/ton, a slight increase of 100 yuan month-on-month. The price of 85% titanium slag in Southwest China increased by 100 yuan/ton this month. Currently, upstream titanium raw material prices are anchored at a high level for a long time. Coupled with the rigid costs of auxiliary production factors such as petroleum coke and electricity, and relying on marginal cost pricing models, the comprehensive production costs of slag enterprises continue to rise, significantly squeezing their profit margins. From a demand perspective, downstream restocking is proceeding at a moderate and orderly pace, and the release of effective market demand has slowed. The high-grade slag market is expected to remain stable for the time being.
Titanium Tetrachloride
Today, the spot price of titanium tetrachloride remained firm and stable. The overall available spot resources in the market remained tight. Downstream production facilities operated smoothly, and end-user demand remained stable. Procurement demand showed sustained resilience, providing solid support for the titanium tetrachloride market. The market fundamentals are solid. In May, some companies plan to continue raising prices, and the titanium tetrachloride market is expected to maintain a positive trend.
Sponge Titanium
Today, the sponge titanium market remained stable. The mainstream price for grade 0 sponge titanium was 48,000-49,000 yuan/ton, while the mainstream transaction price for grade 1 civilian sponge titanium was 46,000-47,000 yuan/ton. New order prices for sponge titanium companies remained stable, and the overall industry operating rate remained high. Coupled with high raw material costs providing strong support, the short-term sponge titanium market is likely to remain stable.
Today, the titanium dioxide price index was 16700.07, unchanged from yesterday. High raw material costs for titanium dioxide are providing overall support. High sulfuric acid prices and a rebound in titanium ore prices are putting significant cost pressure on titanium dioxide producers. Both domestic and international demand are improving, and industry inventory remains low, providing strong support for the titanium dioxide market. Producers are keen to maintain prices, and new order quotes are stable. The titanium dioxide market is expected to remain firm in the short term.
III. Industry Operating Rates
Titanium Ore
High ore costs have led to continued cost inversions for beneficiation plants, resulting in a slight decline in titanium ore operating rates.
Titanium Dioxide
Affected by raw material costs and supply, some companies have reduced production, but overall market operating rates remain high.
Sponge Titanium
Sponge titanium producers are operating at high capacity.
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