Titanium Market Report (March 20)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1732.50, unchanged from yesterday. Downstream demand remained weak, and small and medium-sized miners faced significant pressure to sell. The titanium ore market experienced a weak supply-demand balance, with prices remaining weak and stable.
Titanium Slag
In March, the bidding price for 90% low-calcium magnesium high-titanium slag from northern enterprises was 5200 yuan/ton, a decrease of 100 yuan/ton compared to the previous month. The high-titanium slag market remained sluggish, with prices declining weakly. Market sentiment was also relatively pessimistic, resulting in weak price performance for high-titanium slag.
Titanium Tetrachloride
The market price for titanium tetrachloride was 4800-5550 yuan/ton. Raw material prices remained high, leading to a significant increase in titanium tetrachloride costs. New order prices remained firm, and the supply and demand for titanium tetrachloride were in a tight balance, resulting in a temporarily stable market price.
Titanium Sponge
The market price for Grade 1 titanium sponge (civilian grade) is around 46,000-47,000 yuan/ton, while Grade 0 titanium sponge is quoted at around 47,000-48,000 yuan/ton. Titanium sponge prices are firm, supported by strong costs and low market inventory. However, downstream sentiment is cautious, keeping prices firm.
Titanium Dioxide
Today's titanium dioxide price index is 14018.64, up 13.29 from yesterday. Some titanium dioxide companies have raised new order prices by another 300 yuan/ton. Some companies have also suspended orders today due to persistently high production costs and significant pressure on factories. With the continued rise in sulfuric acid prices, some titanium dioxide prices are expected to continue to rise.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
Insufficient raw material supply has led to the shutdown of some beneficiation plants.
Plants that underwent maintenance during the Spring Festival holiday are gradually resuming production, and the operating rate of titanium dioxide plants will gradually increase.
Titanium Sponge
Titanium sponge companies are operating at high capacity.
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