Analysis of China's titanium sponge production in June 2023

According to Tuduo statistics, China's sponge titanium output in June 2023 was 18100 tons, a year-on-year increase of 28.46%, and a month-on-month decrease of 2.95%; the cumulative output of sponge titanium from January to June 2023 was 109,900 tons, a year-on-year increase of 59.65%, and the output increased by approximately 41,100 tons.

Market prices are falling rapidly, raw material costs and prices are high, enterprises are under great pressure on production, the output of semi-process enterprises is declining, and full-process enterprises are under pressure. Market output is expected to decrease again in July.

In June 2023, China's top three producing regions of titanium sponge in China, Liaoning, Yunnan, and Xinjiang accounted for 29%, 17%, and 15% of China's total output respectively.

In June, the price of sponge titanium fell sharply. Due to weak terminal demand, the sponge titanium market was oversupplied, and the market price continued to decline; the price of raw material magnesium ingots was basically stable at around 20,000 yuan/ton. The price of titanium raw material remained high, and the cost of sponge titanium was high., the production pressure of enterprises was high, and the market started continued to decline. In addition, the market was affected by buying up but not buying down. Downstream companies were mainly waiting and seeing, the situation of new orders in the market was not good, and the price of sponge titanium was stable and weak.