Titanium Market Report (February 2)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1782.50, unchanged from the previous working day. The overall titanium ore market is stable. With the holiday approaching and reduced logistics transportation, new orders are gradually decreasing, and market prices are stable.
Titanium Slag
In February, the bidding price for 90% low-calcium magnesium high-grade slag from northern enterprises was 5300 yuan/ton, a decrease of 100 yuan/ton compared to January. The downstream market is sluggish, and the supply of high-grade slag is relatively stable, exceeding demand, resulting in low prices.
Titanium Tetrachloride
The market price for titanium tetrachloride is 4800-5550 yuan/ton. High raw material costs have led titanium tetrachloride enterprises to maintain firm prices. Due to reduced market supply and low inventory, market prices continue to remain stable.
Sponge Titanium
The price of Grade 1 sponge titanium for civilian use is around 45,000-47,000 yuan/ton, while the market price for Grade 0 sponge titanium is around 46,000-48,000 yuan/ton. Enterprises have orders on hand, and market prices are stable, resulting in a stable sponge titanium market.
Today's titanium dioxide price index is 13490.03, unchanged from the previous working day. Some titanium dioxide producers have suspended orders, and a few companies have maintenance plans during the Spring Festival, resulting in weak market shipments. Inventories at some companies are increasing, but the titanium dioxide market remains firm.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
Raw material supply in the Panxi region is tight, and beneficiation plants are operating below capacity. In Yunnan, only a few beneficiation plants are producing due to mining permit issues. Low temperatures in Chengde are impacting overall domestic titanium ore production.
Titanium Dioxide
Some companies have maintenance plans, leading to a decline in expected titanium dioxide operating rates.
Sponge Titanium
Sponge titanium producers are operating at high capacity.
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