[Sponge Titanium] Analysis of China's Sponge Titanium Production in March 2024

According to Tuduo's statistics, China's sponge titanium output in March 2024 was 20,200 tons, a month-on-month increase of 13.46% and a year-on-year increase of 8.40%. The monthly output of sponge titanium reached a record high, exceeding 20,000 tons; from January to March 2024, the output of sponge titanium was approximately 57,000 tons, a year-on-year increase of 4.41%, and the output increased by more than 2400 tons.

In March, the production capacity of Longbai, Panzhihua and Xiangrun in the titanium sponge markets was released, and titanium sponge output increased.

In March 2024, China's top three producing regions of titanium sponge in China, Liaoning, Yunnan, and Sichuan accounted for 25%, 17%, and 17% of China's total output respectively.

In March, the overall demand in the sponge titanium market was good, the demand in the military market was stable, and the demand for civil titanium materials increased. The orders on hand from sponge titanium companies increased, the inventory of manufacturers was low, and the market price increased by 1,000 - 2,000 yuan/ton; With the new market production capacity gradually released, sponge titanium production will continue to increase in April.