October 2023 Titanium Products Market Summary

The market of small and medium-sized ilmenite is stable and weak in October, and the price of small and medium-sized ilmenite has dropped by about 100 yuan / ton. up to now, the tax-free quotation of 47 mai 20 ilmenite in Panxi Dachang is 2350-2480 yuan / ton, the tax-free transaction price of 46 miner 10 ilmenite is 2120-2180 yuan / ton, and the tax-free quotation of 38p342 ore is 1550-1600 yuan / ton. The downstream titanium dioxide market is weak, there is some resistance to high-price ilmenite, the market price pressure is strong, and new orders are rare, the panic of small and medium-sized miners is increasing, there are continuous inflows of low-cost goods in the market, and market prices are weak and downward; new orders for titanium deposits in Yunnan and Chengde have decreased this month, and prices have followed the trend of ore climbing, with a downward adjustment of 50 yuan / ton. It is reported that individual large factories will start annual inspection at the end of next month, and the market supply will be reduced in the later period, and the price of titanium ore is expected to operate weakly and steadily.

The price of imported titanium ore is weak, and the price of mainstream miners is still strong. up to now, the price of Kenmel ilmenite is US $415 per ton, that of Kenya 47-49 is US $390 per tonne, and that of Australia 50 is US $390 per tonne. Due to the weak market of downstream products, the new order transaction of imported titanium ore is weak, the cost pressure of downstream enterprises is great, there is some resistance to the high price of imported ilmenite, and the climbing price has been reduced, the market of imported ilmenite is weak and stable, and the prices of individual concentrators have been loosened; the import crude ore has increased more this year, the supply of titanium raw materials for mainstream chlorination process is still tight, and the quotations of mainstream miners continue to remain strong.

Titanium slag

The acid slag market remained stable in October. Up to now, the factory price including tax in Sichuan area is 5320 yuan / ton, and the factory price in Yunnan area is 4720 yuan / ton. Although the price of raw material ilmenite has been slightly reduced, it remains high as a whole, and the cost of acid slag is relatively high. Downstream enterprises purchase stably, due to underutilization of the acid slag market, the market supply and demand is basically balanced, and prices continue to operate steadily.

The market price of high titanium slag continued to decline in October, the market bidding price of high titanium slag was lowered by 210yuan / ton at the beginning of the month, the factory price of 90 low calcium magnesium slag of northern enterprises was 7790 yuan / ton, and the demand of high titanium slag decreased this year, while the new production capacity of high titanium slag market increased one after another, the market supply and demand was out of balance, and the market price showed a downward trend. This month, downstream enterprises have invited tenders one after another, of which the bidding volume of enterprises in Henan has increased by 3500 tons, and the final bidding volume in Liaoning has also increased, but the price of high titanium slag is low, the price of titanium raw materials is still high, the cost pressure of high slag is high, and the production is at a loss. In the later stage of the market, there will be an increase in new production capacity, and enterprises are pessimistic.

Titanium tetrachloride

The price of titanium tetrachloride is weak and stable this month. at present, the market price of titanium tetrachloride is 6500-7200 yuan / ton. there is some pressure on high transaction in some areas. the price of chlorine gas maintains a fluctuating trend, the price of titanium raw materials is high, and the overall cost of titanium tetrachloride is still high. affected by the downstream market demand, titanium tetrachloride market circulation is not much, the market price is temporarily stable.

Titanium dioxide

The market price of titanium dioxide is weak in October. By the end of this month, the tax-containing ex-factory price of rutile titanium dioxide in China is 16100-17600 yuan / ton, and that of anatase titanium dioxide is 14800-15200 yuan / ton. Due to the continuous rise in titanium dioxide prices, there are many stocks in the market, and the spot supply has increased this month. The downstream market demand is weak, the market new order decreases, the enterprise shipping pressure is great, the market price competition pressure is big, the trader panic mood increases, the market transaction price has many adjustments; at present, the inventory of titanium dioxide manufacturers is still low, and the price is temporarily stable. The prices of individual manufacturers have been narrowly reduced, but the prices of raw materials ilmenite and sulfuric acid are still high, the cost pressure of titanium dioxide is great, and the price adjustment range of manufacturers is limited next month. Affected by the market and power outages in southwest China, individual manufacturers will stop production and maintenance in November, and the market supply will be reduced; in September, titanium dioxide exports remain good, and some manufacturers still have export orders to be issued, coupled with cost and price support, titanium dioxide transaction prices are discussed one by one.

Sponge titanium

The sponge titanium market held stable temporarily in October, the transaction price of the first-grade sponge titanium market was 5.2-54000 yuan / ton, the raw material magnesium ingot was still high, the cost pressure of sponge titanium was high, the prices of some manufacturers were still on the edge of loss, and the quotations of sponge titanium enterprises were stable. but the downstream market is resistant to the high price, and the new monotonous rise of some manufacturers is limited. This month, the supply of sponge titanium manufacturers has increased, while the downstream titanium market demand has not yet improved, the price of sponge titanium remains strong, and the market wait-and-see mood is strong; with the gradual release of new production capacity of titanium sponge in Yunnan and Panzhihua Iron and Steel Co., the market supply will increase one after another, but the cost of raw materials is high, and the price of sponge titanium is expected to stabilize.

November market forecast:

1. The supply of Panzhihua Mine increases, and the price maintains a weak operation.

2. The market demand for titanium dioxide is weak, and the price will be weak.

3. As the output of titanium sponge increases, the price will run weakly and stably.