Titanium Market Weak Demand (May 28)
I. Titanium Market Overview
Titanium Ore
Today, the Panzhihua-Xichang titanium ore price index was 1628.75, unchanged from yesterday. The domestic titanium ore market price remained generally stable. Downstream titanium dioxide production faced cost pressures and weak demand, resulting in sluggish new orders. Under the supply-demand dynamic, titanium ore prices remained weak and stable.
High international shipping costs for imported titanium ore constituted a rigid cost barrier, putting pressure on traders' purchasing and sales, reducing their willingness to ship, and limiting the flow of spot goods at ports. Currently, the transaction volume of chloride-grade titanium ore has shrunk, and prices have remained generally stable, with potential for a slight downward trend in the future.
Titanium Slag
In May, the bidding price for high-titanium slag from northern enterprises was 5400 yuan/ton, a slight increase of 100 yuan month-on-month. High prices for raw materials such as titanium concentrate, petroleum coke, and electricity provided rigid cost support for high-titanium slag prices.
However, the market supply remained relatively abundant, leading to significant competition among enterprises and considerable resistance to a substantial price increase. Prices are expected to remain stable in the short term. Yunnan entered its high-water season in June, with expectations of a reduction in electricity prices, which could lead to a rebound in operating rates later.
Titanium Tetrachloride
The market price of titanium tetrachloride is 5800-5900 yuan/ton. High raw material costs such as liquid chlorine and energy provide rigid support. Downstream operating rates remain high, and demand-driven stockpiling is proceeding in an orderly manner, resulting in sluggish market trading. The short-term market is expected to consolidate sideways, with no clear upward or downward momentum.
Sponge Titanium
The sponge titanium market remains firm. The mainstream price for grade 0 sponge titanium is 48,000-50,000 yuan/ton, while the mainstream price for grade 1 civilian sponge titanium is currently 47,000-49,000 yuan/ton. Downstream markets are cautious about new orders due to the firm price of sponge titanium, focusing mainly on immediate needs. The market's high and low price differences in sales continue to differentiate, and high costs are stabilizing sponge titanium prices.
Titanium Dioxide
Today's titanium dioxide price index is 16772.24, unchanged from yesterday. The titanium dioxide market has entered its off-season, with downstream buyers showing weak willingness to place new orders. Coupled with chaotic market pricing, some factories are experiencing inventory buildup.
The price of raw material sulfur has become less volatile, providing support at high levels, and titanium dioxide factories are generally holding firm on their prices. Furthermore, it is reported that leading companies are expected to raise prices next month, leading to a strong wait-and-see attitude in the market.
II. Titanium Price Summary
III. Industry Operating Rates
Titanium Ore
The cost of raw material ore is relatively high, and beneficiation plant costs remain inverted, resulting in a decline in titanium ore operating rates.
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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