Titanium Market Report (March 25)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1722.50, unchanged from yesterday. Downstream titanium dioxide producers continue to face increasing cost pressures, and some companies' expectations of production cuts are gradually materializing, resulting in strong downward pressure on titanium ore procurement prices. The market price for titanium ore is stable to slightly weaker.
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 from the previous month. The high-titanium slag market remains sluggish overall, with no significant improvement in downstream demand. Market sentiment is pessimistic, and prices are expected to remain weak in the short term.
Titanium Tetrachloride
The mainstream market price for titanium tetrachloride is 4800-5550 yuan/ton. With high prices for raw material liquid chlorine and other auxiliary materials, the overall spot supply remains tight, and there are expectations of further price increases for titanium tetrachloride in the future.
Titanium Sponge
The mainstream price for Grade 1 titanium sponge (for civilian use) is 46,000-47,000 RMB/ton, while Grade 0 sponge titanium is priced at 47,000-48,000 RMB/ton. Currently, titanium sponge manufacturers still have orders to fulfill, but downstream market demand is weak, and there is little willingness to accept high prices. New order transactions are stagnant, and the titanium sponge market is temporarily stable.
Titanium Dioxide
Today's titanium dioxide price index is 14520.35, unchanged from yesterday. This month, the titanium dioxide market is experiencing its third round of price increases. After a leading company issued a letter yesterday, 22 other companies followed suit, announcing price increases.
Due to the rapid increase in the price of raw material sulfuric acid, the market has generally seen an increase of 1000 RMB/ton. Today, most domestic companies are holding off on quotations and are not quoting prices, with a strong wait-and-see attitude in the market.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
Insufficient raw material supply has led to the shutdown of some beneficiation plants.
The titanium dioxide market is operating at a high level, with some factories starting to shut down for maintenance.
Titanium sponge
Titanium sponge manufacturers are operating at high capacity.
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