Titanium market: Market prices are chaotic
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1528.75, down 95.00 from yesterday. Downstream demand was weak, putting significant pressure on titanium ore shipments, leading to a weak market trend. Domestic ore transaction prices saw slight declines. High titanium ore inventories in the Panzhihua-Xichang region resulted in a supply surplus, contributing to a slightly weaker market. Regarding imported ore, port inventories increased, creating significant pressure to secure new orders and resulting in a somewhat chaotic market price.
Titanium Slag
This month, the bidding price for 90% low-calcium magnesium high-titanium slag from northern enterprises was 5450 yuan/ton, a slight increase compared to May. Higher domestic electricity prices this year, coupled with rising raw material costs, and previously lower high-titanium slag prices, have encouraged enterprises to raise prices, maintaining a slight upward trend in the market.
Titanium Tetrachloride
The market price for titanium tetrachloride was 5800-6000 yuan/ton. Enterprises faced significant cost pressures, keeping titanium tetrachloride prices firm. Strong downstream demand contributed to stable titanium tetrachloride prices.
Titanium Sponge
The price of titanium sponge remained stable. The mainstream price for grade 0 titanium sponge was 48,000-50,000 yuan/ton, while the mainstream price for grade 1 titanium sponge (for civilian use) was 47,000-49,000 yuan/ton. Due to the off-season demand, there was significant pressure to ship titanium sponge. Downstream companies were also stockpiling, leading to a temporary market stabilization.
Today's titanium dioxide price index was 16563.86, down 152.31 from yesterday. The prices of sulfuric acid and sulfuric acid diverged significantly, widening the production cost differences among titanium dioxide factories and creating significant cost pressure.
Domestic demand was unlikely to improve during the off-season, and downstream end-users generally had inventory. The market still faced significant pressure to ship new orders, resulting in some weakening transaction prices for titanium dioxide. Market prices continued to be negotiated on a case-by-case basis.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
High raw material ore costs, coupled with the impending arrival of environmental inspection teams, have led to a decline in the operating rates of beneficiation plants in the Panzhihua-Xichang-Xinjiang-Jiujiang region. In Chengde, some beneficiation plants have suspended production due to inspections by the central environmental inspection team. In Xinjiang, mines that had suspended production will gradually resume normal operations after the completion of inspections by the central environmental inspection team.
Titanium Dioxide
Affected by raw material costs and supply, some companies have reduced production, but the overall market operating rate remains high.
Sponge Titanium
Sponge titanium companies are operating at high rates.
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