Titanium Dioxide Market Updates
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1853.75, unchanged from yesterday. Downstream markets weakened, and downward pressure on titanium ore prices remained strong. Panzhihua ore prices trended weakly, while titanium dioxide production remained high, with titanium ore supply maintaining a just-in-time level.
Titanium Slag
In November, the bidding price for high-titanium slag from northern enterprises was 5450 yuan/ton, an increase of 10 yuan/ton compared to October. High-titanium slag prices were low, resulting in losses for many slag plants, leading to a continued market sentiment of supporting prices. Affected by the decline in the titanium dioxide market, acid slag prices continued to be under pressure, causing the market to decline.
The market price for titanium tetrachloride was 4800-5300 yuan/ton. With high costs of raw materials and auxiliary materials, titanium tetrachloride prices remained stable, and the market supply and demand were basically balanced, continuing its stable operation.
Titanium Sponge
Grade 1 titanium sponge for civilian use is quoted at around 45,000-47,000 yuan/ton, while some Grade 0 titanium sponge is quoted at around 46,000-48,000 yuan/ton. The titanium sponge market is weak but stable, with mainstream prices converging downwards. Affected by raw material costs, titanium sponge producers are strongly inclined to maintain prices, and major manufacturers plan to raise prices this weekend.
Today's titanium dioxide price index is 13360.83, unchanged from yesterday. Titanium dioxide prices remain firm, with some companies slightly lowering prices this month. Currently, most companies are adopting a wait-and-see approach, as market shipments are under pressure, and there are concerns about potential inventory increases later on.
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