Titanium Ore
After the Spring Festival, the prices of small and medium-sized titanium ores in Western China have seen a slight increase, with an increment of around 30 yuan per ton. As of now, the transaction prices for small and medium-sized 46, 10 titanium ores are between 2250-2280 yuan per ton, and 47, 20 ores are priced at 2350-2480 yuan per ton. Additionally, 38, 42 medium-grade titanium ores are quoted at 1580-1600 yuan per ton excluding taxes. After the festival, small and medium-sized titanium ore selection plants have gradually resumed production, and downstream demand for titanium white remains stable. The overall supply of titanium ores is tight in the market, compounded by the recent surge in titanium white market prices, resulting in a stable but upward trend in prices for small and medium-sized titanium ores. With high levels of downstream production, the spot supply of titanium ores is relatively tight. This may lead to an expectation of further price increases for titanium ores in the future.
The import titanium ore market is running well. Currently, the prices of titanium ore from Mozambique are at 415 US dollars per ton, while in the Australian titanium ore market, the prices stand at 390 US dollars per ton. With high prices in the domestic market, downstream industries are increasingly sourcing import titanium ores, leading to a generally tight supply and maintaining high prices.
Titanium Slag
The high slag market has remained stable, with the price of 90% low-calcium magnesium high titanium slag at 7900-8000 yuan per ton. The price of raw materials titanium ore remains high, and the production cost for enterprises remains high. Some companies are still controlling production, and the slag plants have minimal inventory. The supply and demand balance in the high slag market will maintain stable prices for the time being.
This week, the acid slag market has remained stable. As of now, the ex-factory prices including taxes in Sichuan are at 5620 yuan per ton, and in Yunnan at 5200-5300 yuan per ton. With the rise in titanium white prices and high prices for raw materials titanium ore, the limited circulation of acid slag in the market is expected to continue stabilizing prices.
Titanium Tetrachloride
The titanium tetrachloride market is maintaining a stable operation. The market price of titanium tetrachloride is between 6300-6500 yuan per ton, and the prices of raw materials titanium ore are high. Although the prices of liquid chlorine have been reduced in some regions this week, the overall production costs remain high. With high levels of downstream production, the demand for titanium tetrachloride is stable, and the current market supply and demand are basically balanced. Supported by production costs, prices are expected to remain stable.
Titanium Dioxide
This week, the titanium dioxide market has seen another price surge, with an increase of 500-700 yuan per ton. As of now, the ex-factory prices including taxes for China’s rutile titanium dioxide are in the range of 16200-17500 yuan per ton, and the prices for anatase titanium dioxide are between 15000-15500 yuan per ton. After the festival, international giants in the titanium dioxide market, such as PPG Industries and Kronos have increased titanium dioxide prices by $200 per ton. Under the leadership of some domestic companies, the market has seen a second consecutive price increase since the beginning of the year. The main factors contributing to the price increase are as follows: 1. Some factories underwent maintenance and shutdown during the Spring Festival, leading to a decline in market production; 2. Prior to the festival, downstream terminal enterprises in the domestic market stockpiled goods, resulting in tight market supply, and titanium dioxide companies controlled orders; 3. Robust foreign trade demand with numerous export orders; 4. Low inventory levels at titanium dioxide manufacturers, coupled with strong support from raw material costs. Influenced by the price increases, companies have received more orders, and some companies have scheduled production until late March. In the short term, the titanium dioxide market is expected to run well, and market prices are expected to remain strong.
Forecast for the Future:
The supply of titanium ore is relatively tight, and prices are expected to increase.
Titanium dioxide stocks are low, and prices are expected to remain high.
Sponge titanium raw materials are at high prices, and prices are expected to maintain a strong stance.
Post time: Feb-28-2024