Titanium Market Repor (March 10)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1731.25, unchanged from yesterday. Affected by the cost pressure from downstream titanium dioxide production, coupled with a slight increase in raw material shipments from the Panzhihua-Xichang region this month, market sentiment eased slightly. However, due to high raw material costs and some beneficiation plants still being shut down, resulting in insufficient operating rates, the overall titanium ore market remained weak and stable.
Titanium Slag
In March, northern enterprises have not yet tendered for 90% low-calcium magnesium high-titanium slag. High-slag costs remain high, and with electricity prices in Yunnan reportedly expected to rise, slag plants are facing significant production pressure, with some enterprises currently shut down. The high-slag market is operating at low levels.
Titanium Tetrachloride
The market price for titanium tetrachloride is 4800-5550 yuan/ton. The price of raw material chlorine continues to rise, with some regions seeing increases of 50 yuan/ton today. The continued rise in costs and persistent production pressure on factories have led some enterprises to raise prices, keeping titanium tetrachloride prices firm.
Titanium Sponge
Today, Yunnan Guotai issued a letter announcing a price increase of 2,000 yuan/ton for domestic titanium sponge and 300 USD/ton for international prices. The market price for Grade 1 titanium sponge (civilian grade) is around 45,000-47,000 yuan/ton, while Grade 0 titanium sponge is quoted at around 46,000-48,000 yuan/ton. The titanium sponge market is operating smoothly, with most manufacturers operating at near full capacity. Order backlogs provide support, and some companies have reduced their inventory, keeping prices firm.
Today, the titanium dioxide price index was 13722.55, up 31.89 from yesterday. The titanium dioxide market is seeing good order signings both domestically and internationally. It is understood that major manufacturers have order backlogs until the end of the month and mid-April. Raw material costs are gradually increasing, and sulfuric acid supply is tight, putting continued pressure on titanium dioxide production costs. The market is likely to see further price increases.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
Insufficient raw material supply has led to the shutdown of some beneficiation plants.
Titanium Dioxide
Plants that underwent maintenance during the Spring Festival holiday are gradually resuming production, and the operating rate of titanium dioxide plants will gradually increase.
Sponge Titanium
Sponge titanium companies are operating at high capacity.
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