June 2023 Titanium Products Market Summary

The price of small and medium-sized ilmenite at the end of the month is basically the same as that at the beginning of the month. Up to now, the price of 47 miner 20 ilmenite in Panxi Dachang is 2300-2350 yuan / ton, the transaction price of 46 miner 10 ilmenite is 1950-2050 yuan / ton, and the tax-free price of 38pha42 is 1350-1450 yuan / ton. The price of titanium dioxide continued to fall in the first ten days of the month, the cost pressure of enterprises is great, the price of ilmenite market is strong, and the price of ilmenite is weak. Due to the rapid decline in prices, the great pressure on some concentrators, the reduction of production by miners and the reduction of supply in the ilmenite market; in addition, Panzhihua Iron and Steel Co., Ltd. controlled the reduction of raw ore output this month, the shortage of raw materials, rising prices, high concentrator costs, and low inventories. Small and medium-sized miners are reluctant to sell, and the price of small ore has rebounded, with an increase of about 100 yuan / ton. According to market news, the supply of raw ore and titanium ore outside a large factory will be reduced in July, the supply of goods in the market will be tight, and the price of the big factory will continue to maintain stability; but the downstream titanium dioxide market is off-season, while the terminal demand is weak, and the cost of titanium ore is high. Enterprises still have resistance to high-price titanium ore, the price of titanium ore is not expected to rise substantially, and the price is expected to operate steadily.

The market price of imported titanium ore is running steadily. up to now, the price of 50 titanium ore in Australia is US $390 / ton, that of Kenmel 50 is US $415 / ton, and that of 47-49 ore in Kenya is US $390 / ton. the market demand for downstream titanium products is weak. China's concentrators are under great pressure to ship, and the prices of some concentrators have been slightly reduced at the beginning of the month. According to customs statistics, imported titanium ore increased by 26.91% from January to May this year, while the output of titanium slag and sponge titanium in the lower reaches of this year increased, the demand for titanium ore increased, and the supply of Panzhihua ore decreased in the third quarter. the demand for imported ore may improve in the later period, but the terminal demand will decline and the price is weak, and the price of ilmenite is basically stable.

Titanium slag

In June, the market price of acid slag is weak and downward, with the factory price of 4920 yuan / ton in Sichuan and 4500 yuan / ton in Yunnan; the market price of titanium dioxide continues to decline, coupled with the fact that there are some more enterprise slags in the market this year, resulting in greater pressure on acid slag shipments; lower climbing prices, reduced costs of acid slag enterprises, coupled with preferential electricity prices during the flood season, but enterprise profits are still poor, and acid slag prices are weak and stable.

The market price of high titanium slag declined sharply in June. The price of ordinary slag 90 including tax in northern enterprises was 8600 yuan / ton, and that of 90 low calcium and magnesium slag was 9100 yuan / ton, which was 500 yuan / ton lower than that in May. Due to the decline in downstream market demand, some high titanium slag enterprises have inventory, high slag shipping pressure is greater, market price is under pressure This year, the market is gradually released by new production capacity, the market supply is gradually increasing, while the terminal market demand is weak, enterprises' new orders are also under pressure, and individual manufacturers in the market have equipment maintenance plans in July; at present, the price of titanium raw materials remains high, the cost price of high slag is high, the market price of titanium slag is upside down, and the downstream is also mostly at a loss, and the titanium slag market will continue to be weak.

Titanium tetrachloride

This month, the market price of titanium tetrachloride is under pressure, and the market price is reduced by about 600yuan / ton. at present, the market price of titanium tetrachloride is 6800-7000 yuan / ton, and the low transaction price of titanium tetrachloride is 6500 yuan / ton. the price of titanium raw material has also been reduced, and the cost price of titanium tetrachloride has been alleviated. The price of titanium sponge goes down downstream, some semi-process enterprises reduce production and stop production, the market of titanium dioxide by chlorination process is understarted, the demand for titanium tetrachloride is reduced, the enterprise shipping pressure is large, the market price is weak, and the market price of titanium tetrachloride will be weak and stable in the later stage.

Titanium dioxide

At the beginning of June, the price of titanium dioxide is still about 500yuan / ton. by the end of this month, the tax-containing ex-factory price of rutile titanium dioxide in China is 14800-16000 yuan / ton, and that of anatase titanium dioxide is 12600-13400 yuan / ton. the titanium dioxide market has entered the off-season, the demand in China continues to be weak, the enterprise shipping pressure is great, the market price competition pressure is great, and the enterprise price is continuously reduced at the beginning of the month. The price of titanium dioxide is chaotic, and the inventory pressure of some manufacturers is great. According to the incomplete statistics of Tuduoduo, about 20 enterprises in the market reduced production and market supply in June. The demand in the foreign trade market remains stable. According to the data, the exchange rate of RMB against the US dollar rose at the beginning of the year to 7.2101 yuan per US dollar at the end of the month. The depreciation of RMB is good for the export market of titanium dioxide. Titanium dioxide enterprises resell more exports. Although the price of FOB has been reduced, the monthly average price of titanium dioxide export has maintained an upward trend. Under the pressure of cost and price, enterprises in the middle of the month have the intention to raise the price. Among them, Titanium Sea Technology sent a letter on the 13th that due to the persistently high price of raw materials, the company's price increased by 500 yuan per ton. in addition to Titanium Sea Technology, the prices of other manufacturers in the market have also maintained stability. at the end of the month, the international titanium dioxide enterprise Ishihara sent a letter on the 26th to increase the price of titanium dioxide in the Asia-Pacific region by US $200 / ton since July, and the price of international titanium dioxide enterprises will also be adjusted again in July. The market demand has declined this year, and the actual transaction will be discussed one by one.

Sponge titanium

The market price of first-grade sponge titanium is 68000 yuan / ton, and the market low price is 6 yuan / ton. this year, the market supply of sponge titanium continues to increase, while the market demand is weak, and the pressure of sponge titanium enterprises increases again. Some enterprises have inventory; the prices of raw materials and auxiliary materials continue to fall, but the shipping pressure of sponge titanium enterprises is still high, and the market maintains weak operation. In the middle of the month, the new guidance price of sponge titanium is set at 61000 yuan / ton, the market is weak, the shipping situation of enterprises is still improved, and the price of sponge titanium will continue to run weakly.

Market forecast for July:

1. The market supply has been greatly reduced, and the price of ilmenite has been running firmly.

2. The domestic demand of titanium dioxide is weak, and the price will continue to run weakly and steadily.

3. The market demand of sponge titanium is weak, and the price continues to operate weakly and stably.