Titanium Market Update (March 3)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1775.00, unchanged from yesterday. The titanium ore market remained stable, with relatively weak inquiries and limited downstream raw material purchases, reflecting a wait-and-see attitude. The supply of raw material ore remained tight, keeping prices firm. In the short term, titanium ore prices are expected to remain stable.
Titanium Slag
In February, the bidding price for 90% low-calcium magnesium high-grade slag from northern enterprises was 5300 yuan/ton, a decrease of 100 yuan/ton compared to January. High costs put pressure on titanium slag prices, resulting in a weak but stable market.
Titanium Tetrachloride
The market price for titanium tetrachloride was 4800-5550 yuan/ton. The titanium tetrachloride market remained stable. Recently, the price of raw material chlorine has increased by more than 200 yuan/ton in some regions, increasing enterprise costs. New order prices have been adjusted upwards, and the market supply and demand are basically balanced, keeping titanium tetrachloride prices firm.
Titanium Sponge
The price of Grade 1 titanium sponge for civilian use is around 45,000-47,000 yuan/ton, while Grade 0 titanium sponge is quoted at around 46,000-48,000 yuan/ton. Downstream demand is supported, and with high raw material magnesium ingot prices, companies are strongly inclined to maintain prices, keeping market prices firm.
Today's titanium dioxide price index is 13602.62, unchanged from yesterday. 23 titanium dioxide companies have issued letters announcing price increases, signaling a price surge for titanium dioxide in the new year. High raw material costs have led to strong price increases from companies in March, with new orders seeing increases of around 300 yuan/ton.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
Benefiting plants are gradually resuming production after the holiday.
Titanium dioxide
Plants that underwent maintenance during the Spring Festival holiday are gradually resuming production, and the operating rate of titanium dioxide plants will gradually increase.
Sponge Titanium
Sponge titanium companies are operating at high capacity.
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