(3.15-3.21) Titanium Weekly Review

Ilmenite

The market price of ilmenite has remained high 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 47 miner 20 is 2350-2480 yuan / ton, and the tax-free quotation of 38pence 42 ilmenite is 1580-1620 yuan / ton. due to good downstream market demand, continuous progress of titanium ore supply, market inquiry remains stable, miners' inventory is low, and market quotation remains strong. It is reported that the price of titanium ore in Panxi Dachang will be increased by 150 yuan / ton in the second quarter, the cost of downstream titanium dioxide enterprises will increase, and the market price will remain high.

The market price of imported titanium ore is running steadily. so far, the price of titanium ore in Mozambique is US $370 / ton and that in Kenya 47-49 is US $360. according to customs data, China imported about 696000 tons of titanium ore from January to February 2024, an increase of 3.39% over the same period last year. Downstream titanium dioxide, sponge titanium market starts high, titanium raw material demand is strong, miners have more orders on hand, the market supply is tight, the new unit price is high and stable.

Titanium slag

The market price of high slag is temporarily stable, the market price of 90% low calcium magnesium high titanium slag is 7750-7800 yuan / ton, the bidding price of high slag in March is lower than that in February, the start-up of high slag enterprises is basically stable, the cost of raw materials and auxiliary materials is still high, the cost pressure of high titanium slag enterprises is great, and the market price is weak and stable.

The acid slag market is basically stable this week. up to now, the factory price including tax in Sichuan is 5620-5720 yuan / ton, and the factory price in Yunnan is 5300 yuan / ton; the market demand for acid slag is strong, the market supply is tight, and the supply of goods at low prices is gradually decreasing. The price of raw material ilmenite is high, the cost pressure of acid slag is great, and the market price will continue to maintain stable operation. no, no, no.

Titanium tetrachloride

The price of titanium tetrachloride rose this week, and the price of titanium tetrachloride in Xiantao Zhongxing letter was raised by 500yuan / ton. at present, the market price of titanium tetrachloride is 6300-6800 yuan / ton. the price of titanium tetrachloride continues to rise, and the price of downstream products is stable. Titanium tetrachloride prices are expected to operate steadily.

Titanium dioxide

Seven enterprises in the titanium dioxide market sent a letter announcing a rise this week. At the beginning of the week, Longbai Group sent a letter to raise the Chinese price of titanium dioxide by 500yuan / ton and the international price by $100,000,000 / ton, followed by six enterprises in the market. Up to now, the taxable 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. After the increase in international titanium dioxide prices last week, it is good for the exports of Chinese titanium dioxide enterprises. According to customs data: from January to February 2024, the export volume of titanium dioxide in China was 293400 tons, an increase of 2.65% compared with the same period last year, and some enterprises had more orders to be sent; due to the low inventory of Chinese titanium dioxide enterprises, the tight supply of some brands in the market, and under the influence of this week's market price rise, the price of titanium dioxide was high and strong by the end of next month. And the supply of raw materials is tight, the price is high, the cost of titanium dioxide is under great pressure, and the market price of titanium dioxide is expected to remain high.

Sulfuric acid

China's sulphuric acid market has moved steadily this week, and prices in some areas have continued to rise. up to now, 98% of smelting acid in Yunnan is 600-700 yuan / ton. In Shandong, 98% of smelting acid is 50-235 yuan / ton, and 98% sulfonic acid ex-factory price is 200-280 yuan / ton. Due to the strong demand in the downstream phosphate fertilizer market, titanium dioxide market demand remains stable, acid enterprise shipments are relatively smooth, factory inventory is low, sulfuric acid market supply is less than demand, and new unit prices continue to rise; coupled with the impact of tight supply of copper concentrate, smelting acid raw material, some acid enterprises store maintenance plans in advance, the shortage of sulphuric acid supply will continue in the short term, and sulphuric acid prices are expected to continue to rise.

Sponge titanium

The market price of sponge titanium rose this week, Yunnan national titanium sent a letter to increase the price of sponge titanium by 2000 yuan / ton, the mainstream market price of grade 1 sponge titanium is between 5.1yuan and 53000 yuan / ton, the market demand for titanium downstream remains stable, and the price of sponge titanium remains high. Downstream enterprises are also under pressure to purchase on demand in the downstream market, and the market price of sponge titanium remains stable in the short term.

Future forecast:

1. The supply of titanium ore market 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 will run steadily.