Titanium Dioxide Price Hike
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1847.50, unchanged from yesterday. Domestic titanium ore prices are temporarily stable, with some domestic mines experiencing supply shortages, leading to a temporary price stabilization. Imported titanium ore prices remain weak due to sluggish demand, with some imported titanium concentrate prices continuing to decline.
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. The titanium slag market remained weak and stable, with cost pressures persisting and demand remaining weak. Market speculation was intense, putting pressure on the titanium slag market.
Titanium Tetrachloride
The market price for titanium tetrachloride is 4800-5300 yuan/ton. Increased raw material production costs have led some enterprises to consider raising prices, but weak demand has kept prices stable for now.
Titanium Sponge
The price of Grade 1 titanium sponge for civilian use is around 45,000-47,000 yuan/ton, while the market price of some Grade 0 titanium sponge is around 46,000-48,000 yuan/ton. The titanium sponge market remains stable. Companies have existing orders, and the pressure to fulfill new orders remains high, leading to stable market prices.
Today's titanium dioxide price index is 13292.21, unchanged from yesterday. Yesterday, Longbai Group issued a letter raising titanium dioxide prices by 700 yuan/ton, and today other companies followed suit with similar price increase notices of 700 yuan/ton.
The titanium dioxide market is experiencing another wave of price increases. High raw material production costs have fueled companies' strong desire to raise prices.
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