Titanium Market Report (March 17)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1732.50, unchanged from yesterday. The titanium ore market saw weak trading activity, with downstream buyers facing significant price pressure due to cost factors. Only immediate needs were being met with cautious purchasing, resulting in a weak and stable price trend.
Titanium Slag
In March, northern enterprises have not yet tendered for 90% low-calcium magnesium high-titanium slag. High-titanium slag prices remained weak and stable. Downstream buyers faced significant cost pressures, leading to weak supply and demand in the market, resulting in temporary price stability.
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 near future.
Sponge Titanium
The market price for Grade 1 sponge titanium (civilian grade) was around 45,000-47,000 yuan/ton, while Grade 0 sponge titanium was quoted at around 46,000-48,000 yuan/ton. Sponge titanium prices remained firm, with downstream buyers mostly adopting a cautious wait-and-see approach. Overall, the market remained stable.
Today's titanium dioxide price index is 13950.24, up 32.37 from yesterday. 22 titanium dioxide companies have issued letters announcing price increases, the second round of increases this month. Currently, some companies are not accepting orders, and certain grades are experiencing tight spot supply, leading to even higher price increases. Due to high production costs, the titanium dioxide market continues to rise.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
Insufficient raw material supply has resulted in some beneficiation plants being shut down.
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 companies are operating at high capacity.
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