Titanium Market Trends (April 7)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1708.75, a decrease of 8.75 from the previous working day. The titanium ore market continued its weak trend, with miners still facing pressure to ship their products. High-priced goods were difficult to sell, and the market supply was ample, maintaining a supply-demand imbalance. Prices for some titanium ore declined slightly.
Titanium Slag
Today, the titanium slag market remained weak and stable. High-grade slag prices were relatively low, and the market still faced some competitive pressure. Prices are expected to continue to consolidate weakly.
Titanium Tetrachloride
The titanium tetrachloride market was in a tight balance with low inventory. On the cost side, chlorine prices remained firm, and companies were not willing to ship at low prices. New order quotes remained firm. In addition, downstream demand for titanium dioxide produced through the chloride process and sponge titanium remained stable. The titanium tetrachloride market performed well, and market prices continued to remain stable.
Titanium Sponge
The titanium sponge market remained stable today. The mainstream price for Grade 1 titanium sponge (for civilian use) was 46,000-47,000 yuan/ton, and for Grade 0 it was 47,000-48,000 yuan/ton. The price of upstream raw material titanium tetrachloride remained high and firm, providing strong cost support. New orders for titanium sponge are gradually being fulfilled, and companies are scheduling orders and shipping. The market is expected to continue its sideways consolidation pattern in the short term.
Today, the titanium dioxide price index was 16037.25, up 375.23 from the previous working day. The titanium dioxide market has continued its upward trend since the holiday. After leading companies raised prices last week, other companies in the market successively raised their new order prices today.
Current market quotations have reached over 16,000 yuan/ton, and some factories have temporarily suspended quotations. The price increases for raw materials such as sulfur and sulfuric acid are significant, putting considerable production pressure on titanium dioxide plants, and companies are strongly inclined to maintain prices. In the short term, the titanium dioxide market is expected to be stable to strong, with prices more likely to rise than fall, supported by strong costs and a continued tight supply.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
Insufficient raw material supply has led to the shutdown of some beneficiation plants.
Titanium Dioxide
Affected by raw material costs and supply, some companies have reduced production, but overall market operating rates remain high.
Sponge Titanium
Sponge titanium companies are operating at high rates.
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