Titanium Market Weekly Report

Titanium Ore

This week, the price of Panxi titanium ore is stable, and the price of small and medium-sized titanium ore is firm. As of now, the price of 46, 10 titanium ore of small and medium-sized manufacturers is 1740-1780 yuan/ton, the price of 38 titanium medium ore is 1180-1250 yuan/ton, and the price of 47, 20 ore is 1950-2150 yuan/ton; the supply of raw materials is not much, the price is high, the cost pressure of small and medium-sized factories is relatively large, and the price of small and medium-sized factories is firm; the price of downstream titanium dioxide has declined, the pressure of titanium ore shipment is large, and the price-cutting sentiment is strong, while the production cost of titanium ore is high, the price is firm, and the market price of titanium ore is difficult to rise or fall and will continue to maintain stability.

The imported titanium ore market is weak and stable, and the downstream market is weak. The CIF price of Mozambique titanium ore is US$370/ton, the FOB price of Vietnam B ore is US$315/ton, the CIF price of Australia is US$305/ton, and the ex-factory price of Nigeria 48-50 ore including tax is 2100-2200 yuan/ton; the downstream demand is weak, the market price pressure is strong, the demand is reduced, and the pressure to accept orders at high prices is high.

Due to the influence of production cost prices, the price of titanium ore will continue to be weak and stable.

Titanium slag

The high titanium slag market is weak and downward. This month, the bidding price of 90% low calcium and magnesium high titanium slag of northern enterprises is 6690 yuan/ton, which is 300 yuan/ton lower than the previous round of bidding prices; due to the decline in market demand, the number of enterprises that have started high titanium slag is small, and the willingness of enterprises to start production is low.

In addition, the impact of low prices of titanium-rich materials and the weakening price of raw titanium ore have put the high titanium slag market under pressure, and enterprises are mostly upside down in production, and the high titanium slag market is sluggish.

The acid slag market is weak and stable. As of now, the ex-factory price in Sichuan is 5820-5870 yuan/ton, and the ex-factory price in Yunnan is 4200-4650 yuan/ton.

The titanium dioxide market price continues to decline. The weak market is difficult to recover in the short term. The pressure of acid slag shipment is large, the raw material price is firm, and the titanium slag price will remain stable.

Titanium tetrachloride

The market price of titanium tetrachloride is temporarily stable. The current market price of titanium tetrachloride is 5300-5500 yuan/ton.

The downstream demand is weak and the market shipment pressure is large. Due to the oversupply of titanium tetrachloride and the decline in raw material prices, the market sentiment of price suppression is strong, and the market price is relatively chaotic.

Titanium dioxide

This week, the price of titanium dioxide continued to decline, among which the high price of Longqi fell by a large margin, ranging from 1,400 yuan/ton; as of now, the ex-factory price of rutile titanium dioxide in China is 13,000-14,300 yuan/ton, and the ex-factory price of anatase titanium dioxide is 11,800-12,600 yuan/ton; the price of Longqi fell from a high level at the beginning of the week, and the prices of new orders from some other manufacturers also fell one after another.

Due to the low prices of enterprises in the previous period, the reduction this time was mostly 300-400 yuan/ton; downstream demand was sluggish, and the demand for titanium dioxide shipments was still difficult to improve. Affected by inventory and cost pressures, market enterprises were under-operated, and about three enterprises were restricted for maintenance this month. At present, the market export is still weak, and the market is still pessimistic as it enters the off-season.

The cost pressure of raw materials is huge, and some prices have already lost money. There is no much room for price decline, but the market competition pressure is great, and the market price will continue to be low.

Sulfuric acid

The domestic sulphuric acid market is still strong this week. As of now, the ex-factory price of 98% smelting acid in Guizhou is 600-650 yuan/ton, the ex-factory price of 98% smelting acid in Hubei is 650-700 yuan/ton, and the ex-factory price of 98% smelting acid in Zhejiang is 570-630 yuan/ton; the transaction atmosphere in the sulphuric acid market is relatively active, and the acid prices in some areas such as Southwest China and Central China have continued to rise.

Due to the fact that some mineral acid units are about to enter the maintenance period, the market supply is expected to decrease, and the inventory of acid plants is mostly at a low level. In addition, the acid price in Yunnan has risen, which has led to an increase in the surrounding acid prices.

The sulfur price has loosened recently, but due to the reduction and suspension of sulfuric acid units in some areas, the prices in some areas are mostly controlled and balanced with external sulfuric acid; the overall downstream market demand is relatively stable.

Although the weak demand for downstream titanium dioxide has a small impact on the market, supported by the demand of phosphate fertilizers and other industries, the supply of sulfuric acid in many places is in a tight balance, and the acid price maintains a slight upward trend; it is expected that the sulfuric acid price will continue to run high in the short term.

Sponge titanium

This week, the market price of sponge titanium remains strong. The current market price of grade 1 sponge titanium is 48,000-52,000 yuan/ton, and the price of grade 0 sponge titanium is 49,000-53,000 yuan/ton; the sponge titanium market is operating at a high level, and enterprises have some orders on hand.

The demand for civilian products is weak, and most of them are temporarily on the sidelines. Prices are expected to continue to maintain stability.

Market forecast:

1. Titanium ore cost pressure is high, and prices will remain weak and stable;

2. Market demand is weak, and the titanium dioxide market will operate weakly and steadily;

3. Sponge titanium spot is tight, and prices continue to maintain stability.

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