(3.1-3.7) Titanium Weekly Review

Ilmenite

The titanium market is running smoothly this week. Up to now, the transaction price of 46jing10 ilmenite from small and medium-sized manufacturers is 2250-2280 yuan / ton, the price of 47jing20 ilmenite is 2350-2480 yuan / ton, and the tax-free quotation of 38pai42 titanium ore is 1580-1620 yuan / ton. This week's market inquiry is OK, the quotations of small and medium-sized manufacturers remain high, the downstream market demand is good, miners' inventory is not high, and the market supply and demand is in a tight balance. New orders of Chengde and Yunnan titanium mines have been followed up, and the supply of low-cost goods in the market has decreased. It is reported that the inspection team will be stationed in Panzhihua, later market start may be affected, titanium ore prices will continue to operate at a high level.

The market price of imported titanium ore is weak and stable. with the import of titanium ore arriving in Hong Kong this year, the new price of imported titanium ore is stable and weak compared with the fourth quarter of 2023. Up to now, the price of Mozambican titanium ore is US $370 / ton. the price of 47-49 ore in Kenya is US $360 / ton. due to the downward market of downstream products, there is great cost pressure on enterprises, high titanium raw materials are under pressure, and enterprise prices are stable and downward. At present, the high price of Panzhihua ore remains stable, the price of some imported ilmenite is also stable for the time being, the market supply and demand is basically balanced, and the market maintains stability.

Titanium slag

The high slag market is stable and weak, and the market price of 90% low calcium magnesium high titanium slag is 7750-7800 yuan / ton. due to the release of new production capacity in the high slag market in the past two years, the market is relatively sufficient, and the industry supply is in a state of oversupply. In March, the tender price of high slag in the north was lowered to 110 yuan / ton compared with February, and the market price was low, and the high slag market was operating stably for the time being.

The market price of acid slag has remained strong this week. Up to now, the factory price including tax in Sichuan is 5620-5720 yuan / ton, and the factory price in Yunnan is 5200-5300 yuan / ton. The price of acid slag raw materials is high, the cost support is strong, and the market demand is stable. Spot supply is tight; due to the prospect of rising prices, some acid slag prices may be raised.

Titanium tetrachloride

The market price of titanium tetrachloride is temporarily stable, the market price of titanium tetrachloride is 6300-6500 yuan / ton, the work of some manufacturers is normal, and the market supply remains stable. At present, the prices of raw materials and auxiliary materials remain high, and the titanium tetrachloride market maintains stable operation.

Titanium dioxide

The price of titanium dioxide market is strong this week. Up to now, the tax-containing ex-factory price of rutile titanium dioxide in China is 16400-17500 yuan / ton, and that of anatase titanium dioxide is 15000-15500 yuan / ton; the start-up of titanium dioxide market is basically stable, individual enterprise devices have reduced production, and the overall market supply is sufficient; due to two consecutive increases in the titanium dioxide market in January and February, enterprises still have orders on hand, and manufacturers' inventory remains low. The price of raw materials is high, the cost of titanium dioxide is high; as the market enters March, the weather warms up, the market demand may also increase again in the later stage, the supply of titanium dioxide market is tight, and the market price is stable.

Sulfuric acid

Prices have been raised again in some parts of China's sulphuric acid market this week. up to now, 98% of smelting acid in Sichuan is 350-450 yuan / ton, 98% in Hubei is 260-300 yuan / ton, and 98% in Yunnan is 500-600 yuan / ton. due to good downstream market demand, acid factory shipments are good, and enterprise inventory is low. Due to the rise in smelting acid prices, the prices of ore acid and sulfuric acid have risen somewhat; under the influence of the overhaul of some acid plants in Yunnan and Henan this month, the market supply has decreased, the supply of sulfuric acid is relatively tight, and prices have risen; but at present, acid prices in individual areas have risen to high levels, and the cost pressure of downstream enterprises has increased, and the increase in sulfuric acid prices is expected to be limited in the short term.

Sponge titanium

This week, the sponge titanium market is temporarily stable, the first-grade sponge titanium market price is between 5.1yuan and 53000 yuan / ton, the sponge titanium market starts at a high level, some enterprises are in hand, and the market supply is in a state of balance, but this month some large factory equipment has been restored one after another. the later market supply will continue to sponge titanium, the price of sponge titanium is strong in the short term.

Future forecast:

1. The supply of titanium ore is tight, and the price is expected to rise.

2. The inventory of titanium dioxide is low and the price is expected to run high.

3. The demand for titanium sponge is stable, and the price is expected to run firmly.