On July 17, 2021, a large truck full of 100 tons of high quality pig iron finished loading, weighing and smoothly drove out from the titanium chloride slag plant. This is the first batch of high quality pig iron from Panzhihua titanium chloride slag plant successfully achieved export sales, also marked the 500,000 tons of Panxi titanium concentrate upgrading into titanium chloride slag project successfully achieved slag production, high quality by-products officially began to market sales.

Price Analysis

2021 first half of China's titanium ore market prices overall up trend, into June the market part of the price has weakened, individual prices have 50-200 yuan / ton drop, titanium ore prices than at the beginning of the year still have 400-500 yuan / ton increase.

Carbon black market price and market analysis in major domestic regions

According to Tuoduo statistics, in June 2021, China's titanium sponge production 12,331 tons, an increase of 55.60% year-on-year, a decrease of 1.11% YoY. January-June 2021 titanium sponge production totaled 72,387 tons, an increase of 40.90% YoY, compared to January-June 2020 production growth of about 21,012 tons.

According to Tudor statistics, China's titanium dioxide production in June 2021 was 322,000 tons, down 2.98% YoY and up 14.63% YoY. January-June 2021 production totaled about 1,909,800 tons, up 18.58% YoY.

Total PVC Analysis: China's PVC pure powder imports in May 2021 were 20,800 tons, down 77.41% YoY. Export volume was 216,200 tons, up 729.78% YoY and down 12.48% YoY. January-May export volume totaled 972,600 tons and import volume totaled 146,300 tons. The import volume decreased significantly, and the export volume, although the decline in the chain, but still in a high position, substantially higher than the level of the same period last year.

According to data from TDD:China imported about 226,800 tons of titanium ore in May 2021, a decrease of 38% from the previous month, a decrease of 96% from Kenya and 80% from Mozambique. Foreign mines depletion, titanium raw materials continue to be tight, as well as shipping and other reasons, the total amount of imports ring than in April, a significant reduction

According to customs data, China imported about 872.58 tons of titanium sponge in May 2021, up 124.63% year-on-year and down 26.34% YoY. January-May cumulative imports of about 3,936.3 tons, up 30.07% YoY and up about 909.98 tons in total from January to May 2020.

According to customs data, in May 2021 China imported 226,800 tons of titanium ore, down 29.15% year-on-year and 38.24% YoY. January-May cumulative imports of about 1,620,100 tons, up 21.48% YoY and up about 286,700 tons in total from January to May 2020.

According to TDD statistics, China's titanium dioxide production in May 2021 was 331,900 tons, up 1.83% YoY and 23.66% YoY, and the total production from January to May 2021 was about 1,587,800 tons, up 19.41% YoY.

Titanium sponge military market demand is strong, the market supply is tight, the civilian market recovery. With the overall recovery of the market, titanium sponge demand increased

Titanium dioxide production analysis

Titanium sponge production analysis

Analysis of Import and Export Data of Titanium Products