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(9.1-9.7) Titanium Weekly Review

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September 7, 2023, 5:29 PM

Ilmenite

The market price of titanium ore has remained stable this week. up to now, the transaction price of 46 miner 10 ilmenite from small and medium-sized manufacturers is 2220-2230 yuan / ton, the price of 47 miner 20 ore is 2300-2460 yuan / ton, and the tax-free quotation of 38,442 ilmenite is 1580-1600 yuan / ton. The start-up of the titanium ore market has remained stable, the market inquiry situation is good, the new unit price of the downstream titanium dioxide market has been raised one after another, and the price of the titanium ore market is firm. At present, the titanium ore price has risen to a high level, the cost of downstream enterprises is under pressure, and the market wait-and-see mood is strong. It is expected that the titanium ore market will continue to operate steadily in the short term.

The imported titanium ore market remains stable. Up to now, the price of titanium ore in Mozambique is US $415 / ton, the market price in Australia is US $390 / ton, and the price of 47-49 ore in Kenya is not quoted for the time being. The supply of titanium raw materials for chlorination process is still tight and the price remains stable. The market price of titanium raw materials for sulfuric acid process is relatively chaotic. Due to the high price of titanium ore in China, the price of imported titanium ore is also strong.

Titanium slag

High titanium slag market is weak to maintain stable operation, at the beginning of this month, the new tender price of 90 low calcium and magnesium high slag in northern enterprises is 8000 yuan / ton, which is 300 yuan / ton lower than that of last month. This month, ordinary high titanium slag has not yet been invited for tender, which is mainly affected by demand; downstream market demand is still weak, high slag market supply and demand is still out of balance, market price goes down again; raw material titanium ore is high, titanium slag cost pressure is greater, enterprises are under pressure operation.

This week, the market price of acid slag is low and upward, the price of raw material ilmenite continues to rise, and the price of acid slag in Sichuan is increased by 200yuan / ton. so far, the factory price in Sichuan is 5120 yuan / ton, and the factory price in Yunnan is 4720 yuan / ton. the climbing price is high, the acid slag cost is under great pressure, the downstream market demand is relatively stable, and the new unit price of enterprises has risen.

Titanium tetrachloride

The price of titanium tetrachloride for enterprises in Northeast China has been increased by 800yuan / ton. at present, the market price of titanium tetrachloride is 6500-7200 yuan / ton. due to the weak market demand, titanium tetrachloride enterprises are mainly for self-use, and the market circulation is less, and the chlorine price is fluctuating upwards. the cost price of the enterprise has increased, the market price of titanium tetrachloride has gone up, but the external sales volume of titanium tetrachloride is less, and some enterprises carry out previous orders more. Titanium tetrachloride market is temporarily stable in the short term.

Titanium dioxide

The low price of titanium dioxide market rose this week. Up to now, the factory price of rutile titanium dioxide in China is 15800-16900 yuan / ton, and that of anatase titanium dioxide is 14000-14800 yuan / ton. Titanium dioxide market ushered in two rounds of price increases, and the situation for enterprises to take orders is better. Some enterprises took orders until mid-October, factory inventory remained low; raw material prices are high, enterprise cost prices are high, and new single quotations in the market remain strong. In August, the output of titanium dioxide increased compared with the previous month, and the enterprises ordered and delivered goods, and the market wait-and-see mood was strong. Some market participants were still optimistic about the later stage of the market, and the market price was discussed one by one.

Sulfuric acid

China's sulphuric acid market has maintained a slight upward trend this week. up to now, 98% of smelting acid prices in Henan and Hubei are 120-250 yuan / ton and 360-420 yuan / ton, respectively. Downstream phosphate fertilizer and chemical markets have entered the Jinjiu peak season, the market demand is strong, the shipments of acid enterprises are good, the overall inventory of the market is low, and sulphuric acid prices in some areas are rising again. Recently, the sulfonic acid start-up load of enterprises in some areas has increased, the mining of sulfuric acid outside enterprises has decreased, the market wait-and-see mood has increased, and the sulfuric acid market will operate steadily in the short term.

Sponge titanium

Sponge titanium enterprises have raised again this week. Following the letter sent by China Titanium last week, the price of Xiangrun sponge titanium in Xinjiang has been raised by 3000 yuan / ton this week. The market transaction price of grade 1 sponge titanium is between 4.8 yuan and 53000 yuan / ton. The inventory of sponge titanium manufacturers is not high, and the pressure on enterprises has been reduced. Due to the market oversupply, the market sales of sponge titanium is still not much better, coupled with the high price of magnesium ingots, the enterprise cost pressure is great. Some full-process enterprises also have production restrictions, the market new order quotation rises, the market wait-and-see mood is strong, the price is stable for the time being.

Future forecast:

1. The supply of ore-climbing ilmenite will maintain a tight balance, and the price will operate steadily.

2. the inventory of titanium dioxide manufacturers is tight and the price can be firm.

3, the sponge titanium market starts to decline, the price will run firmly.