November 2023 Titanium Products Market Overview

The price of small and medium-sized ilmenite fell again in November. up to now, the tax-free quotation of Panxi 47 miner 20 ilmenite is 2350-2480 yuan / ton, the tax-free transaction price of 46 miner 10 ilmenite is 2050-2080 yuan / ton, and the tax-free quotation of 38p342 ilmenite is 1460-1480 yuan / ton. due to the high iron ore price and the increase of raw ore volume in the market, the start-up of small and medium-sized concentrators is high, and the ilmenite market maintained a downward trend in the first ten days of this month. As Panzhihua Iron and Steel Company controls the export of raw ore, coupled with the suspension of production of a large factory in Panxi this month, prices have stopped falling one after another since the middle of the month; at the end of the month, due to the downward adjustment of downstream titanium dioxide prices and the suspension of production and maintenance by some manufacturers, the rise and fall of ilmenite prices is limited, and the ilmenite market is expected to operate steadily in the short term.

The operation of the imported ilmenite market is weakening, the price of titanium dioxide in the downstream is falling continuously, the price of ilmenite is high, and the purchasing pressure of enterprises is great. The new price of mainstream ilmenite has been slightly adjusted this month. According to customs data: from January to October 2023, imports of titanium ore (containing medium ore wool ore) accumulated 3.5375 million tons, an increase of 23.91% over the same period last year. The import volume increased by about 68.25 million tons (containing medium ore wool ore). The supply of imported titanium concentrate is still tight, and the overall high price is temporarily stable.

Titanium slag

The acid slag market remained stable in November. Up to now, the factory price including tax in Sichuan is 5320 yuan / ton, and that in Yunnan is 4950 yuan / ton. Downstream demand remains stable, and the shipments of acid slag enterprises maintain good. In the later period, some titanium dioxide enterprises stopped production and overhauled, and the southern enterprises released new production capacity, the demand for acid slag in Yunnan market decreased, and the enterprise shipping pressure increased. Yunnan acid slag factory storage maintenance plan in December. In addition, it is reported that the acid residue of Longbai Group will be taken out, the supply of acid residue in Sichuan will increase, and the price will also be under pressure.

The market of high titanium slag fell more than in November, the market bidding price of high titanium slag was lowered by 100yuan / ton at the beginning of the month, and the price of 90 low calcium and magnesium slag from northern enterprises was 7690 yuan / ton. Liaoning slag plant starts to maintain a low level, and manufacturers consume more inventory. as the price of high slag continues to fall, the price of raw material ilmenite is high, the loss of manufacturers increases, and some factories in the north stop production again, and the high slag market is weak.

Titanium tetrachloride

This month, the titanium tetrachloride market is temporarily stable, the current titanium tetrachloride market quotation is 6200-6600 yuan / ton, chlorine prices are high and fluctuating, and the cost of titanium tetrachloride is still high; downstream sponge titanium, pearlescent pigment industry demand is weak, titanium tetrachloride demand is not good, market start is low, high transaction pressure, market weak and stable operation.

Titanium dioxide

The market price of titanium dioxide was steady and downward in November, with a decline of 700,800yuan / ton. up to now, the taxable ex-factory price of rutile titanium dioxide in China is 15400-16500 yuan / ton, and that of anatase titanium dioxide is 13800-14500 yuan / ton. in the off-season in the Chinese market, the market demand has weakened, and the pressure on enterprises to ship goods has increased. Due to the great pressure on enterprises to sign new orders, coupled with signs of accumulation by individual manufacturers, the prices of some titanium dioxide enterprises decreased slightly in the first ten days of November; the price of raw titanium ore fell by 70-100 yuan / ton, the cost support of titanium dioxide weakened, and the price pressure in the downstream market was strong. Titanium dioxide price is weak. Due to the continuous production of new production capacity in the market and the imbalance between supply and demand in the titanium dioxide market, due to power and gas restrictions in southwest China, enterprises have stopped production and maintenance this month, and the market operation remains weak. Individual enterprises will have maintenance plans again next month. At the end of the month, the new unit price of Longbai Group was reduced by 1000 yuan / ton, the price of China Nuclear fell in a narrow range, the price of titanium dioxide was adjusted one after another, the market was more pessimistic about the future, the domestic demand of titanium dioxide was still weak, and it is expected that the market of titanium dioxide will still be weak.

Sponge titanium

The sponge titanium market was basically stable in November, the first-grade sponge titanium market was quoted at 5.2-54000 yuan / ton, and the sponge titanium export market maintained well. According to customs data, China exported 822.8 tons of sponge titanium in October 2023, and the cumulative export volume of sponge titanium from January to October in 2023 was about 4339.1 tons, an increase of 184.16% over the same period last year. China's downstream military market demand is basically stable, civilian market demand is weak, the market starts at a high level, enterprises are cautious in purchasing, and raw material prices remain high, due to cost pressure, the mainstream price of sponge titanium stabilizes.

Market forecast for December:

1. The supply of Panzhihua Mine has shrunk, and the price has remained firm.

2. The domestic demand of titanium dioxide is weak, and the market is weak and stable.

3. The cost of titanium sponge is high, and the price will run smoothly.