Titanium Market Stagnant (May 8)
Supply and demand are mutually constraining, and the titanium market remains stagnant! Titanium Product Market Prices on May 7th
I. Overview of the Titanium Market
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1633.75, unchanged from yesterday. The titanium ore market is generally stable, with prices of medium-grade ore stabilizing and prices of small and medium-sized titanium ore remaining firm. Downstream demand has not improved, new order transactions are weak, and Panzhihua-Xichang beneficiation plants are operating below capacity, leading to a wait-and-see market.
Titanium Slag
The titanium slag market is weak and stable. Upstream titanium ore prices are firm, while titanium slag prices are low. Coupled with high electricity prices and other auxiliary material costs in Yunnan, factories continue to operate at a loss. In May, the operating rate of high-grade titanium slag plants in Yunnan continued to decline, and the operating rate of northern slag plants remained at a low level. The market is in a state of mutual constraint between supply and demand and costs, and the titanium slag market is expected to continue its stable consolidation trend in the short term.
Titanium Tetrachloride
The titanium tetrachloride market remained stable. Tight supply of liquid chlorine kept costs high, and insufficient operating rates at titanium tetrachloride plants resulted in a tight supply-demand balance. Downstream demand for titanium dioxide produced via the chloride process remained solid, contributing to the stable market performance.
Sponge Titanium
The sponge titanium market was stable today. The mainstream price for grade 0 sponge titanium was 48,000-49,000 yuan/ton, while the mainstream transaction price for grade 1 civilian sponge titanium was 47,000-48,000 yuan/ton. Raw material costs provided strong support, industry operating rates were high, and major manufacturers maintained a strong willingness to hold prices. Downstream demand was met with immediate needs, and the sponge titanium market price is expected to remain stable in the short term.
Titanium Dioxide
Today's titanium dioxide price index was 16785.31, unchanged from yesterday. The spot price of raw material sulfur fluctuated sharply after the holiday, while sulfuric acid prices remained high and firm. However, the domestic supply of sulfur and sulfuric acid is expected to remain tight in the short term. The titanium dioxide market price remained firm, with downstream users gradually depleting their previous stockpiles. Post-holiday market transactions slowed, but distributors and traders actively shipped goods, resulting in some price differentiation. However, under the influence of current production costs, titanium dioxide companies maintained a price-supporting stance, and the overall market remained stable with a wait-and-see attitude.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
The cost of raw material ore is relatively high, and beneficiation plant costs continue to be inverted, leading to a decline in titanium ore operating rates.
Titanium Dioxide
Affected by raw material costs and supply, some companies reduced production, but the overall market operating rate remained high.
Sponge Titanium
Sponge titanium companies maintained high operating rates.
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