Titanium Market Report (March 16)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1732.50, unchanged from the previous working day. New orders for titanium ore were weak, and downstream demand was significantly impacting prices. While some titanium ore prices softened, the market remained stable with a slight downward trend.
Titanium Slag
In March, northern enterprises did not tender for 90% low-calcium magnesium high-titanium slag. High-titanium slag prices remained weak and stable. Downstream cost pressures were high, resulting in weak supply and demand, and market prices remained stable for the time being.
Titanium Tetrachloride
Titanium tetrachloride was quoted at 4800-5550 yuan/ton. Raw material prices remained high, leading to a significant increase in titanium tetrachloride costs. New order prices remained firm, and further price increases are expected in the future.
Sponge Titanium
The market price for Grade 1 sponge titanium (civilian grade) was around 45,000-47,000 yuan/ton, and Grade 0 sponge titanium was quoted at around 46,000-48,000 yuan/ton. Sponge titanium enterprises were fulfilling existing orders, market operating rates were high, and inventory was reduced somewhat. New order prices remained firm.
Today's titanium dioxide price index is 13917.87, up 98.97 from the previous working day. Longbai Group issued a letter today announcing a price increase of 500 yuan/ton for domestic titanium dioxide and 100 USD/ton for international prices. This is the second price increase announced this month. Due to high raw material prices, titanium dioxide is experiencing significant losses, and the market continues to rise.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
Insufficient raw material supply; some beneficiation plants are currently shut down.
Titanium Dioxide
Plants that underwent maintenance during the Spring Festival holiday are gradually resuming production, and the titanium dioxide operating rate will gradually increase.
Sponge Titanium
Sponge titanium enterprises are operating at high capacity.
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